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Infosys case – SC rules every benefit is not taxable as income;
Case Law Details
- Case Name
- Commissioner Of Income Tax, Vs Infosys Technologies Ltd (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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Infosys case : SC rules every benefit is not taxable as income; Prior to 2000 – No provision in I-T Act to tax ESOPs – TDS not applicable as value of shares as perquisite not ascertainable; Clause (iiia) of Sec17 was prospective and not clarificatory
NEW DELHI, JAN 09, 2008 : IN a remarkably interesting ruling, involving the IT giant Infosys Technologies, the Apex Court has held that every benefit received by a person is not taxable as income unless the Legislature makes the same taxable. For period prior to 2000, there were no provisions in the Income Tax Act to tax ESOPs. As rega...
