Perquisite

Last updated: 18 September 2007

Court :
HC

Brief :
Held by the Hon`ble Court that, the shares were allotted to the trust and trust made the grant to the employee subject to some condition. The stock option did not amount to perquisite and not covered under "salary".

Citation :
C.I.T. and others Vs. Infosys Technologies Ltd.

Perquisite C.I.T. and others Vs. Infosys Technologies Ltd. 12/15/2006 [2007] 293 ITR 146 (kar) Case Fact: Whether, granting stock option to employee by trust which is created by assessee to promote the welfare of employee is a perquisite? Decision: Held by the Hon`ble Court that, the shares were allotted to the trust and trust made the grant to the employee subject to some condition. The stock option did not amount to perquisite and not covered under "salary".

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

CA.Saibaburao Nanduri

Published in Income Tax
Views : 49

Share Report Abuse

Comments

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SHUBHANGI GOEL

Shailesh Prajapati

Adesh Mahajan

Angadi & Co

Jaipal Singh

Subscribe Now

Perquisite

CA.Saibaburao Nanduri

Trending Online Classes

Meet our CAclubindia PRO Members

Browse by Category

Latest Job Openings

Article Assistant

Manager- Finance and Compliance

GST CONSULTANCY

CA Final

GST CONSULTANT

Accountant

Perquisite

Other Latest Judgments

Browse by Category