HC quash AO’s order denying ‘Nil’ TDS certificate as sale of shares by Mauritian Co. through IPO wasn’t bogus

IT : Where Assessing Officer failed to demonstrate through prima facie material that entire transaction of sale of shares of an Indian Non-banking Financial Company by assessee promoter a Mauritian Company through IPO was sham and colourable device and a bogus transaction to simply avoid tax,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000188115/hc-quash-ao’s-order-denying-‘nil’-tds-certificate-as-sale-of-shares-by-mauritian-co-through-ipo-wasn’t-bogus.aspx