https://www.taxtmi.com/caselaws?id=256761 The Supreme Court ruled in favor of the assessee, affirming the Tribunal's treatment of the amount received on redemption of Stock Appreciation Rights as capital gain and the classification of the Employee's Stock Option Plan (ESOP) amount as long term capital gains. The decision emphasized the importance of legislative provisions in determining the taxability of ESOPs and clarified that potential benefits cannot be considered income chargeable under the head 'Salaries' without a legislative mandate. en-us Tue, 23 Dec 2014 00:00:00 +0530 Sat, 21 Feb 2015 10:31:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256761 The Supreme Court ruled in favor of the assessee, affirming the Tribunal's treatment of the amount received on redemption of Stock Appreciation Rights as capital gain and the classification of the Employee's Stock Option Plan (ESOP) amount as long term capital gains. The decision emphasized the importance of legislative provisions in determining the taxability of ESOPs and clarified that potential benefits cannot be considered income chargeable under the head 'Salaries' without a legislative mandate. Case-Laws Income Tax Tue, 23 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256761