https://www.taxtmi.com/caselaws?id=75302 The court ruled in favor of the assessee in a revenue appeal under section 260A of the Income-tax Act, 1961. The case involved the liability to deduct TDS under section 192 for issuing shares under a stock option plan, with the court emphasizing that the shares' value was ascertainable only after a new mechanism was introduced in 1999. It was held that the Department erred in treating a certain amount as perquisite value due to the lock-in-period, and the court found in favor of the assessee, stating that the legal position was not disputed by the appellants. en-us Fri, 16 Jan 2009 00:00:00 +0530 Tue, 06 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75302 The court ruled in favor of the assessee in a revenue appeal under section 260A of the Income-tax Act, 1961. The case involved the liability to deduct TDS under section 192 for issuing shares under a stock option plan, with the court emphasizing that the shares' value was ascertainable only after a new mechanism was introduced in 1999. It was held that the Department erred in treating a certain amount as perquisite value due to the lock-in-period, and the court found in favor of the assessee, stating that the legal position was not disputed by the appellants. Case-Laws Income Tax Fri, 16 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75302