https://www.taxtmi.com/caselaws?id=327838 The Tribunal partially allowed the appeals, determining that Stock Appreciation Rights granted by a US parent company to employees in India constituted a taxable perquisite rather than a capital asset. The Tribunal emphasized the tax liability of the rights in India under Section 17(2) of the Income-tax Act, 1961, and directed verification of taxation in the USA under the Double Taxation Avoidance Agreement. en-us Thu, 05 May 2016 00:00:00 +0530 Fri, 20 May 2016 13:20:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327838 The Tribunal partially allowed the appeals, determining that Stock Appreciation Rights granted by a US parent company to employees in India constituted a taxable perquisite rather than a capital asset. The Tribunal emphasized the tax liability of the rights in India under Section 17(2) of the Income-tax Act, 1961, and directed verification of taxation in the USA under the Double Taxation Avoidance Agreement. Case-Laws Income Tax Thu, 05 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327838