Profit

SC rules dividend stripping legal

PUBLISHED ON: July 6, 2010 | Duration: 1 min, 51 sec

   
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In an important ruling that could mean a loss of Rs 2000 crore for the Income Tax department, the Supreme court on Tuesday dismissed the department's case against Mumbai based Wallfort Shares and Stock Brokers on dividend stripping transactions on mutual fund units between 2002 to 2003.
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