https://www.taxtmi.com/caselaws?id=148546 The Tribunal held that ESOP benefit is not taxable as income or perquisite under section 17(2)(iii) for certain assessment years. The assessee acted in good faith by not deducting tax under section 192 and cannot be considered in default under section 201. Therefore, the assessee is not liable to pay interest under section 201(1A). The Tribunal also determined that the trust (WERT) is not a conduit for Wipro Limited, as it has been assessed to tax and operates within its stated objectives. The appeals were allowed in favor of the appellant, and the CIT(A) orders were overturned. en-us Wed, 31 Jul 2002 00:00:00 +0530 Thu, 08 Dec 2016 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148546 The Tribunal held that ESOP benefit is not taxable as income or perquisite under section 17(2)(iii) for certain assessment years. The assessee acted in good faith by not deducting tax under section 192 and cannot be considered in default under section 201. Therefore, the assessee is not liable to pay interest under section 201(1A). The Tribunal also determined that the trust (WERT) is not a conduit for Wipro Limited, as it has been assessed to tax and operates within its stated objectives. The appeals were allowed in favor of the appellant, and the CIT(A) orders were overturned. Case-Laws Income Tax Wed, 31 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148546