https://www.taxtmi.com/caselaws?id=120719 The Tribunal upheld the taxability of the amount received on redemption of Stock Appreciation Rights (SARs) under 'income from salaries', rejecting the argument that SARs should be treated as a capital asset. It confirmed that the amount received is a revenue receipt akin to deferred wages. Additionally, the Tribunal directed the deletion of interest levied under section 234B, as the employer was responsible for tax deduction at source, referencing the precedent in Motorola Inc. v. Dy. CIT. en-us Thu, 03 Jan 2008 00:00:00 +0530 Wed, 27 Dec 2023 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120719 The Tribunal upheld the taxability of the amount received on redemption of Stock Appreciation Rights (SARs) under 'income from salaries', rejecting the argument that SARs should be treated as a capital asset. It confirmed that the amount received is a revenue receipt akin to deferred wages. Additionally, the Tribunal directed the deletion of interest levied under section 234B, as the employer was responsible for tax deduction at source, referencing the precedent in Motorola Inc. v. Dy. CIT. Case-Laws Income Tax Thu, 03 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120719