Stock Appreciation Rights taxable as capital gains
Issue : Whether amount received on redemption of Stock Appreciation Rights (SARs) is capital gain or to be treated as perquisite under Sec.17(2)(iii) of the I.T. Act or under Sec. 28(iv) of the Act purportedly on the ground that the employer – employee relationship did exist between the assessee and Employer ? Held The Tribunal was… Read More »