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Case Law Details

Case Name : Commissioner Of Income Tax, Vs Infosys Technologies Ltd (Supreme Court of India)
Related Assessment Year :
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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 provision

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