{"id":3446,"date":"2018-12-28T11:22:21","date_gmt":"2018-12-28T11:22:21","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dr-muthian-sivthanu-v-acit-chennaitrib-www-itatonline-org\/"},"modified":"2019-01-13T12:56:39","modified_gmt":"2019-01-13T12:56:39","slug":"dr-muthian-sivthanu-v-acit-chennaitrib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dr-muthian-sivthanu-v-acit-chennaitrib-www-itatonline-org\/","title":{"rendered":"Dr. Muthian Sivthanu v. ACIT(2018) 173 ITD 585 (Chennai)(Trib), www.itatonline.org"},"content":{"rendered":"<p><strong>Allowing the appeal of the assessee the Tribunal held that; Gains arising to an employee from sale of shares allotted under ESOP (Employees Stock Option Plan) by foreign parent company cannot be assessed as &#8220;salaries&#8221;. It is assessable as &#8220;capital gains&#8221;. Fact that employer has shown the gains as &#8220;perquisite&#8221; in Form 16 is irrelevant. <\/strong>(I.T.A.No.553\/CHNY\/2018, dt. 24.10.2018)( AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 :  Capital gains- Salaries- Perquisite-Gains arising to an employee from sale of shares allotted under ESOP (Employees Stock Option Plan) by foreign parent company cannot be assessed as &#8220;salaries&#8221; &#8211;  It is assessable as &#8220;capital gains&#8221;-.Fact that employer has shown the gains as &#8220;perquisite&#8221; in Form 16 is irrelevant. [S. 15, 17(2)(v)]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","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":""},"categories":[1],"tags":[],"class_list":["post-3446","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-TA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=3446"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3446\/revisions"}],"predecessor-version":[{"id":3651,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3446\/revisions\/3651"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}