Case Name : Tata Sons Ltd. Vs. Dy. CIT
Citation : 104 ITD 45 (MUM. – TRIB.)(TM)
Court : ITAT-Mumbai
Section : 2(18)
Meaning : The words ‘is said to be’ certainly could not be equated with the term ‘include’ so as to make the definition as inclusive one and leaving the scope of a general meaning which is not stated in the definition. The term ‘is said to be’ gives an impression that it is used to give an exhaustive description of the term ‘a company in which public is substantially interested’. It is more near to denoting the same thing as the word ‘means’.