https://www.taxtmi.com/caselaws?id=434043 The court upheld the decision recognizing compensation as shareholding despite shares being unregistered at the time. The settlement agreement indicated the relinquishment of share rights, leading to the amount being treated partly as capital gains and partly as compensation. The court analyzed the existence of the right to forego equity shares before the settlement agreement and determined the tax implications based on the employment history and settlement terms. Ultimately, the judgment classified the amount received as a mix of capital gains and compensation in accordance with tax laws and legal precedents. en-us Thu, 15 Dec 2022 00:00:00 +0530 Wed, 15 Feb 2023 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434043 The court upheld the decision recognizing compensation as shareholding despite shares being unregistered at the time. The settlement agreement indicated the relinquishment of share rights, leading to the amount being treated partly as capital gains and partly as compensation. The court analyzed the existence of the right to forego equity shares before the settlement agreement and determined the tax implications based on the employment history and settlement terms. Ultimately, the judgment classified the amount received as a mix of capital gains and compensation in accordance with tax laws and legal precedents. Case-Laws Income Tax Thu, 15 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434043