https://www.taxtmi.com/caselaws?id=293641 The Tribunal upheld the taxability of stock options income in India for a Not Ordinarily Resident, emphasizing income source over residential status. It also affirmed the Assessing Officer's jurisdiction to include stock options income in assessment under section 143(1) based on Form No. 16 information. The Tribunal supported the CIT(A)'s decision, stating that as long as all relevant material is considered and irrelevant aspects are avoided, interference is unwarranted unless the decision is perverse. en-us Fri, 16 Dec 2016 00:00:00 +0530 Tue, 23 Feb 2021 09:10:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293641 The Tribunal upheld the taxability of stock options income in India for a Not Ordinarily Resident, emphasizing income source over residential status. It also affirmed the Assessing Officer's jurisdiction to include stock options income in assessment under section 143(1) based on Form No. 16 information. The Tribunal supported the CIT(A)'s decision, stating that as long as all relevant material is considered and irrelevant aspects are avoided, interference is unwarranted unless the decision is perverse. Case-Laws Income Tax Fri, 16 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293641