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Archive: 05 October 2008

Posts in 05 October 2008

Dividend Stripping Loss is Allowable – Bombay High Court

October 5, 2008 726 Views 0 comment Print

Wallfort Shares & stock Brokers Ltd v ITO Where the assessee bought units of a mutual fund, received tax-free dividend thereon and immediately thereafter redeemed the units and claimed the difference between the cost price and redemption value as a loss and the same had been upheld by a Five Member Special Bench of the Tribunal as a genuine loss,

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