https://www.taxtmi.com/caselaws?id=207274 The Tribunal vacated the relief granted by the CIT(A) and restored the AO's order, determining that the gains on the exercise of stock options should be treated as short-term capital gains. The Tribunal emphasized that the shares were not actually acquired until the option was exercised, leading to a holding period of less than 12 months. Additionally, the Tribunal highlighted the significance of adhering to binding judicial precedents, favoring the decision in Shripad S. Nadkarni's case over Bomi S. Billimoria's case. en-us Wed, 10 Aug 2011 00:00:00 +0530 Thu, 13 Oct 2011 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207274 The Tribunal vacated the relief granted by the CIT(A) and restored the AO's order, determining that the gains on the exercise of stock options should be treated as short-term capital gains. The Tribunal emphasized that the shares were not actually acquired until the option was exercised, leading to a holding period of less than 12 months. Additionally, the Tribunal highlighted the significance of adhering to binding judicial precedents, favoring the decision in Shripad S. Nadkarni's case over Bomi S. Billimoria's case. Case-Laws Income Tax Wed, 10 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207274