Investment made by Mauritian Co. with Govt. permission can't be termed as a sham just because investment was huge

INCOME TAX : SLP dismissed against High Court ruling that where investment in assessee-company was made by Mauritius based global private investment group with permission of Government authorities, same could not be branded as sham transaction merely because it involved huge investment and investor would not earn any dividend income immediately and investment was divested to group companies by assessee-company

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