Dividend Stripping Losses Before April 1, 2002, Valid Despite Being Pre-Planned; Not "Abuse of Law" Per Section 94(7).

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....Loss arising in the course of dividend stripping transaction before the introduction of claim u/s.94(7) w.e.f. 1.4.2002 cannot be disallowed; dividend stripping transaction cannot be said to be “abuse of law” even if it is pre-planned - AT....