https://www.taxtmi.com/caselaws?id=796803 Fair market value of specified securities or sweat equity shares determined for ESOP perquisite valuation under section 17(2)(vi) is treated as the cost of acquisition under section 49(2AA) for capital-gains computation. Section 49(2AA) does not require the perquisite to have been taxed in India or included in Indian total income. Perquisite valuation under Rule 3 and tax chargeability under sections 4, 5 and 9 operate separately. Where fair market value is determined under Rule 3(8)(ii), capital gains are recomputed using that value as the acquisition cost. en-us Fri, 31 Jul 2026 00:00:00 +0530 Tue, 11 Aug 2026 08:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796803 Fair market value of specified securities or sweat equity shares determined for ESOP perquisite valuation under section 17(2)(vi) is treated as the cost of acquisition under section 49(2AA) for capital-gains computation. Section 49(2AA) does not require the perquisite to have been taxed in India or included in Indian total income. Perquisite valuation under Rule 3 and tax chargeability under sections 4, 5 and 9 operate separately. Where fair market value is determined under Rule 3(8)(ii), capital gains are recomputed using that value as the acquisition cost. Case-Laws Income Tax Fri, 31 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796803