{"id":7,"date":"2008-01-21T20:26:06","date_gmt":"2008-01-21T20:26:06","guid":{"rendered":"http:\/\/itatonline.org\/archives\/?p=7"},"modified":"2008-01-21T20:26:06","modified_gmt":"2008-01-21T20:26:06","slug":"sumit-bhattacharya-vs-acit-itat-mumbai-special-bench","status":"publish","type":"post","link":"https:\/\/itatonline.org\/archives\/sumit-bhattacharya-vs-acit-itat-mumbai-special-bench\/","title":{"rendered":"Sumit Bhattacharya vs. ACIT (ITAT Mumbai Special Bench)"},"content":{"rendered":"<p><a href=\"http:\/\/www.itatonline.org\/downloads2\/index.php?sumit_bhattacharya_stock_options.pdf\"><img data-recalc-dims=\"1\" decoding=\"async\" border=\"0\" src=\"https:\/\/i0.wp.com\/www.itatonline.org\/images\/download.gif?w=605\" class=\"alignright\" \/><\/a>(i) Amounts received by an assessee from the foreign holding company of his employer company on redemption of stock appreciation rights, being &#8220;fruits of employment&#8221; is chargeable to tax as &#8220;salaries&#8221; despite the absence of an employer-employee relationship (ii) there is a fundamental difference between stock options and stock appreciation rights.<\/p>\n<p>See also: <strong><a href=\"http:\/\/itatonline.org\/archives\/index.php\/infosys-technologies-supreme-court\">CIT vs. Infosys Technologies (Supreme Court)<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(i) Amounts received by an assessee from the foreign holding company of his employer company on redemption of stock appreciation rights, being &#8220;fruits of employment&#8221; is chargeable to tax as &#8220;salaries&#8221; despite the absence of an employer-employee relationship (ii) there &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/itatonline.org\/archives\/sumit-bhattacharya-vs-acit-itat-mumbai-special-bench\/\"> <span class=\"screen-reader-text\">Sumit Bhattacharya vs. ACIT (ITAT Mumbai Special Bench)<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,8],"tags":[],"class_list":["post-7","post","type-post","status-publish","format-standard","hentry","category-all-judgements","category-tribunal"],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/7","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/comments?post=7"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/7\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/media?parent=7"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/categories?post=7"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/tags?post=7"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}