HC justified reassessment notice as Co. invested huge amount info assessee's Co. wasn't carrying regular business

INCOME TAX : Where reassessment notice was issued on basis of information received from DIT (Investigation) that a parent company of assessee at Singapore had made an investment of huge amount in assessee company but said investing company did not appear to be carrying out any regular business activities and was floated to act as a conduit to funnel funds into Indian companies, impugned notice was justified

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