https://www.taxtmi.com/caselaws?id=151768 The Tribunal upheld the decision of the Commissioner of Income-tax (A) that the period of holding for the shares should be calculated from the date of purchase (7.11.2002) to the date of sale (16.5.2003). This period being less than 12 months, the capital gain was classified as short-term. Consequently, the appeal was dismissed, and the gain was taxed at the short-term capital gain rate. The Tribunal also affirmed that the Stock Option Scheme's rights were employee-specific and non-transferable, reinforcing that the holding period starts from the actual purchase date, not the vesting date. en-us Fri, 21 Sep 2007 00:00:00 +0530 Sat, 13 Jan 2024 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151768 The Tribunal upheld the decision of the Commissioner of Income-tax (A) that the period of holding for the shares should be calculated from the date of purchase (7.11.2002) to the date of sale (16.5.2003). This period being less than 12 months, the capital gain was classified as short-term. Consequently, the appeal was dismissed, and the gain was taxed at the short-term capital gain rate. The Tribunal also affirmed that the Stock Option Scheme's rights were employee-specific and non-transferable, reinforcing that the holding period starts from the actual purchase date, not the vesting date. Case-Laws Income Tax Fri, 21 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151768