https://www.taxtmi.com/caselaws?id=221176 The High Court dismissed the appeal regarding the assessment of stock options as long term or short term capital gains and the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The Court emphasized the debatable nature of the issue, noting the differing decisions in lower proceedings and concluding that the respondent's treatment of the gains was a matter of opinion, not inaccurate particulars. Consequently, the appeal was dismissed without costs as no substantial question of law was found. en-us Fri, 08 Feb 2013 00:00:00 +0530 Fri, 01 Apr 2016 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221176 The High Court dismissed the appeal regarding the assessment of stock options as long term or short term capital gains and the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The Court emphasized the debatable nature of the issue, noting the differing decisions in lower proceedings and concluding that the respondent's treatment of the gains was a matter of opinion, not inaccurate particulars. Consequently, the appeal was dismissed without costs as no substantial question of law was found. Case-Laws Income Tax Fri, 08 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221176