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".
CA.Saibaburao Nanduri
Published in Income Tax
Views : 61
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