https://www.taxtmi.com/article/detailed?id=957 The document addresses whether reassessment was valid or merely a change of opinion and whether discounted share allotments to an employee constitute a taxable perquisite. It notes that the Tribunal found the assessee allotted shares under a contractual term as a promoter/associate and set aside earlier orders, while the High Court confined itself to the jurisdictional question. The author argues that factual findings favoring the assessee should remain final, that the High Court's failure to decide merits creates ambiguity, and recommends review or further appeal to resolve promoter status and perquisite characterization. en-us Thu, 23 Sep 2010 00:00:00 +0530 Fri, 24 Sep 2010 08:01:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=957 The document addresses whether reassessment was valid or merely a change of opinion and whether discounted share allotments to an employee constitute a taxable perquisite. It notes that the Tribunal found the assessee allotted shares under a contractual term as a promoter/associate and set aside earlier orders, while the High Court confined itself to the jurisdictional question. The author argues that factual findings favoring the assessee should remain final, that the High Court's failure to decide merits creates ambiguity, and recommends review or further appeal to resolve promoter status and perquisite characterization. Articles Income Tax Thu, 23 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=957