https://www.taxtmi.com/caselaws?id=380023 The High Court dismissed the appeal, affirming that gains from the sale of shares under an Employees Stock Option Plan were not considered a perquisite chargeable to tax. Additionally, the gains from the sale of shares held for less than 12 months were not eligible for exemption as short term capital gains under Section 54 of the Income Tax Act. The tribunal's decisions, supported by factual findings and precedents, led to the dismissal of the appeal by the revenue. en-us Thu, 07 Feb 2019 00:00:00 +0530 Fri, 10 May 2019 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380023 The High Court dismissed the appeal, affirming that gains from the sale of shares under an Employees Stock Option Plan were not considered a perquisite chargeable to tax. Additionally, the gains from the sale of shares held for less than 12 months were not eligible for exemption as short term capital gains under Section 54 of the Income Tax Act. The tribunal's decisions, supported by factual findings and precedents, led to the dismissal of the appeal by the revenue. Case-Laws Income Tax Thu, 07 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380023