https://www.taxtmi.com/caselaws?id=76435 The Supreme Court upheld the decision of the High Court and Income Tax Appellate Tribunal that shares granted under an Employees Stock Option Scheme were not taxable perquisites, leading to the Revenue refunding the Tax Deducted at Source (TDS) to the employees. The employer was not liable to deduct TDS, and the Chief Commissioner's order denying interest on refunds was overturned, directing the payment of interest to the employees as per the Income-tax Act. The court quashed the Chief Commissioner's order and clarified various tax-related issues in the case. en-us Thu, 06 Aug 2009 00:00:00 +0530 Thu, 31 Jan 2013 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76435 The Supreme Court upheld the decision of the High Court and Income Tax Appellate Tribunal that shares granted under an Employees Stock Option Scheme were not taxable perquisites, leading to the Revenue refunding the Tax Deducted at Source (TDS) to the employees. The employer was not liable to deduct TDS, and the Chief Commissioner's order denying interest on refunds was overturned, directing the payment of interest to the employees as per the Income-tax Act. The court quashed the Chief Commissioner's order and clarified various tax-related issues in the case. Case-Laws Income Tax Thu, 06 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76435