News for Uniphos Enterprises Limited (UNIPHOS.BO)

In a case related to Mumbai-based Jai Trust versus Union government, the court ruled that a gift is a consideration-less transaction, and hence, not liable for capital gains tax. It quashes the reassessment notice issued by the tax authorities alleging that a specific income has escaped assessment on transfer of shares as gift by the trust.

Tracking the shareholding activity of FIIs and promoters goes a long way in making investment decisions.

Jefferies has maintained 'buy' call on the stock, with the target at Rs 945 a share

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