https://www.taxtmi.com/caselaws?id=753471 Delhi HC ruled that a one-time voluntary payment made to ESOP holders following disinvestment did not constitute salary perquisite under Section 17(2)(vi) of the Income Tax Act. The court held that since the petitioner had not exercised stock options, no taxable income arose. The payment was voluntary compensation for diminished ESOP value due to business disinvestment, not linked to employment obligations. The court set aside the tax order and directed revenue authorities to consider the petitioner's TDS refund application based on these findings. en-us Thu, 30 May 2024 00:00:00 +0530 Tue, 10 Jun 2025 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753471 Delhi HC ruled that a one-time voluntary payment made to ESOP holders following disinvestment did not constitute salary perquisite under Section 17(2)(vi) of the Income Tax Act. The court held that since the petitioner had not exercised stock options, no taxable income arose. The payment was voluntary compensation for diminished ESOP value due to business disinvestment, not linked to employment obligations. The court set aside the tax order and directed revenue authorities to consider the petitioner's TDS refund application based on these findings. Case-Laws Income Tax Thu, 30 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753471