2012 (8) TMI 916

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... an artificial loss created by a pre-designed set of transaction - Held that:- The issue involved in this civil appeal relates to dividend stripping which is squarely covered in favour of the assessee by the judgement of this court in the case of CIT v. Walfort Share and Stock Brokers P. Ltd. reported in [2010 (7) TMI 15 - SUPREME COURT] wherein held section 14A deals with disallowance of expenditu .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... as, Advocates, with him) for the appellant Shashwat Bajpai and V. N. Raghupathy, Advocates, for the respondent ORDER 1. Heard learned counsel on both sides. 2. Leave granted. 3. The issue involved in this civil appeal relates to dividend stripping which is squarely covered in favour of the assessee by the judgement of this court in the case of CIT v. Walfort Share and Stock Br .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X