ESOP Holding period to be reckoned from the date of exercise of option to buy shares and not from the earlier date of grant of options

ACIT Vs Pramod H. Lele (ITAT Mumbai)- The Stock Option Plan had granted only an ‘option to buy’ a specified number of shares in a specified time frame at a specified price, subject to the fulfilment of other conditions set out in the plan. There was no compulsion on the part of the assess

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