https://www.taxtmi.com/circulars?id=9159 Concessional sale of company assets to employees at prices below market value produces a taxable perquisite equal to the difference between market price and sale price. This applies to transfers to directors, substantial interest-holders, and other qualifying employees; assessing officers must inquire into such sales, verify market-value pricing, include the perquisite in salary income, and consider it when determining disallowances under the Act. en-us Fri, 27 Jan 1978 00:00:00 +0530 Thu, 02 Jun 2011 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9159 Concessional sale of company assets to employees at prices below market value produces a taxable perquisite equal to the difference between market price and sale price. This applies to transfers to directors, substantial interest-holders, and other qualifying employees; assessing officers must inquire into such sales, verify market-value pricing, include the perquisite in salary income, and consider it when determining disallowances under the Act. Circulars Income Tax Fri, 27 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9159