Addition of value of shares granted under Employees Stock Purchase Scheme as perquisite not sustained

Ravi Kumar Sinha Vs CIT (Delhi High Court)

Delhi High Court held that addition of value of shares granted under the Employees Stock Purchase Scheme as perquisite in terms of section 17(2)(iiia) of the Income Tax Act unsustainable in law.

Facts- Present petition has been filed majorly on two questions of law i.e.

Please become a Premium member. If you are already a Premium member, login here to access the full content.