https://www.taxtmi.com/caselaws?id=57801 The Tribunal ruled in favor of the assessee, holding that the benefits under the Employees Stock Option Plan (ESOP) were not taxable as income during the relevant assessment years. As the ESOP benefits were prospective and contingent, not falling under taxable income definitions, the assessee was not liable to deduct tax at source. Consequently, the assessee was not considered an assessee in default under section 201 and was not liable for interest under section 201(1A). The Tribunal allowed all appeals of the assessee based on the non-taxable nature of ESOP benefits during the relevant years. en-us Fri, 28 Jun 2002 00:00:00 +0530 Tue, 12 Jul 2016 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57801 The Tribunal ruled in favor of the assessee, holding that the benefits under the Employees Stock Option Plan (ESOP) were not taxable as income during the relevant assessment years. As the ESOP benefits were prospective and contingent, not falling under taxable income definitions, the assessee was not liable to deduct tax at source. Consequently, the assessee was not considered an assessee in default under section 201 and was not liable for interest under section 201(1A). The Tribunal allowed all appeals of the assessee based on the non-taxable nature of ESOP benefits during the relevant years. Case-Laws Income Tax Fri, 28 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57801