https://www.taxtmi.com/caselaws?id=65483 The Tribunal allowed the Revenue's appeal, holding that the perquisite value should be assessed based on the date when the option to acquire shares was exercised, i.e., 30th April, 1999, and not on the date of the offer. The decision stressed the significance of determining income in the appropriate assessment year in accordance with the IT Act provisions. en-us Fri, 29 Aug 2008 00:00:00 +0530 Sat, 01 Jun 2013 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65483 The Tribunal allowed the Revenue's appeal, holding that the perquisite value should be assessed based on the date when the option to acquire shares was exercised, i.e., 30th April, 1999, and not on the date of the offer. The decision stressed the significance of determining income in the appropriate assessment year in accordance with the IT Act provisions. Case-Laws Income Tax Fri, 29 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65483