https://www.taxtmi.com/caselaws?id=66827 The Tribunal dismissed the Revenue's appeals, affirming the CIT(A)'s decision that gains from the sale of shares acquired under ESOP should be treated as long-term capital gains, not as perquisites. The date of acquisition was determined as the date of grant. Consequently, the assessee was entitled to indexation benefits and exemptions under sections 54EA, 54EC, and 54F. The reopening of assessments under section 148 was deemed valid, and issues regarding interest under section 234B were considered consequential. The assessee's cross-objections were dismissed. en-us Fri, 30 Jan 2009 00:00:00 +0530 Mon, 30 Oct 2023 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66827 The Tribunal dismissed the Revenue's appeals, affirming the CIT(A)'s decision that gains from the sale of shares acquired under ESOP should be treated as long-term capital gains, not as perquisites. The date of acquisition was determined as the date of grant. Consequently, the assessee was entitled to indexation benefits and exemptions under sections 54EA, 54EC, and 54F. The reopening of assessments under section 148 was deemed valid, and issues regarding interest under section 234B were considered consequential. The assessee's cross-objections were dismissed. Case-Laws Income Tax Fri, 30 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66827