Elders Limited
(ASX:ELD) has had the Federal Court dismiss the appeal of the Australian Tax Office (ATO).
If the ATO does not appeal the decision could see the agribusiness gain $65 million.
Shareholders responded positively to the news yesterday, with the company's shares closing more than 14 per cent higher.
In the first half of the 2012 financial year Elders’s reported a net loss of $391.2 million.
