ESOP Year Mix-Up & Valuation Error – ITAT Pune Sends Case Back for Re-Examination

Aarti Jadhav Gaikwad Vs DCIT (ITAT Pune) ESOP Valuation Mismatch & Year Confusion – ITAT Grants Relief to Employee by Remand- Stock Options Taxed Twice? Tribunal Sends Back Case for Correct Year-wise Assessment Assessee, an employee of Nvidia Graphics India Pvt. Ltd., filed her return declaring ₹25.16 lakh income. During scrutiny for “foreign assets,” AO noted that she had acquired ESOP shares of the US parent company worth ₹30.44 lakh & made addition on the ground that these were not reflected properly in income computation. The AO took the value of shares at market rate as ...