Taxability of ESOP up to 31.03.2000

SUMMARY OF CASE LAW

In respect of shares acquired under stock option scheme, the difference between the price of shares at the time of exercise of option and the predetermined price is liable to tax as perquisite under s. 17(2)(iii) up to 31st March, 2000.

RELEVANT PARAGRAPH

13.1 The undisputed facts in this case are that the

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