https://www.taxtmi.com/caselaws?id=268558 The tribunal upheld the Revenue's position that the gain on the transfer of sweat equity shares should be taxed as short-term capital gain or income from other sources, rather than as long-term capital gains exempt under section 10(38) of the Income Tax Act. The tribunal emphasized that the right in the shares only materializes upon the exercise of the option by the assessee, not at the time of the initial offer, and dismissed the assessee's appeal. en-us Fri, 06 Nov 2015 00:00:00 +0530 Fri, 27 Nov 2015 23:51:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268558 The tribunal upheld the Revenue's position that the gain on the transfer of sweat equity shares should be taxed as short-term capital gain or income from other sources, rather than as long-term capital gains exempt under section 10(38) of the Income Tax Act. The tribunal emphasized that the right in the shares only materializes upon the exercise of the option by the assessee, not at the time of the initial offer, and dismissed the assessee's appeal. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268558