The term “shareholder”, post amendment, has only to be a person who is the beneficial owner of shares. One cannot be a registered owner and beneficial owner in the sense of a beneficiary of a trust or otherwise at the same time. The moment there is a shareholder, who need not necessarily be a member of the Company on its register, who is the beneficial owner of shares, the Section gets attracted without more. To state that two conditions have to be satisfied, namely, that the shareholder must first be a registered shareholder and thereafter, also be a beneficial owner is not only mutually contradictory but is plainly incorrect. Prima facie CIT v. Ankitech P. Ltd ( 2012) 340 ITR 14 ( Delhi) ( HC) CIT v. Madhur Housing and Development Co ( 2018) 401 ITR 152 ( SC) is wrongly decided and should be reconsidered by larger bench. This being the case, we are prima facie of the view that the Ankitech P.Ltd judgment (supra) itself requires to be reconsidered, and this being so, without going into other questions that may arise, including whether the facts of the present case would fit the second limb of the amended definition clause, we place these appeals before the Hon’ble Chief Justice of India in order to constitute an appropriate Bench of three learned Judges in order to have a relook at the entire question.( CANOS. 2068-2071 of 2012, dt. 18.01.2018)