https://www.taxtmi.com/caselaws?id=364871 The Appellate Tribunal allowed the appeal of the assessee concerning tax withholding on ESOP perquisites and non-compete fees. It clarified that withholding obligations arise only upon share allotment for ESOP perquisites based on Fair Market Value at the exercise date. The Tribunal found no tax withholding obligation on non-compete fees for the relevant assessment year. Interest under section 201(1A) of the Act was upheld on ESOP perquisites but deleted on non-compete fees. The Tribunal emphasized the importance of understanding legal provisions for tax withholding and validated the Separation Agreement as ensuring compliance without deferring tax liability. en-us Fri, 03 Aug 2018 00:00:00 +0530 Sun, 05 Aug 2018 22:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364871 The Appellate Tribunal allowed the appeal of the assessee concerning tax withholding on ESOP perquisites and non-compete fees. It clarified that withholding obligations arise only upon share allotment for ESOP perquisites based on Fair Market Value at the exercise date. The Tribunal found no tax withholding obligation on non-compete fees for the relevant assessment year. Interest under section 201(1A) of the Act was upheld on ESOP perquisites but deleted on non-compete fees. The Tribunal emphasized the importance of understanding legal provisions for tax withholding and validated the Separation Agreement as ensuring compliance without deferring tax liability. Case-Laws Income Tax Fri, 03 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364871