2012 (8) TMI 916

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..... uch a transaction was primarily for the purpose of tax avoidance, the loss so called was 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 .....

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..... atiyar for B. V. Balaram Das, 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 a .....

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