{"id":3447,"date":"2018-12-28T11:22:43","date_gmt":"2018-12-28T11:22:43","guid":{"rendered":"http:\/\/itatonline.org\/digest\/n-r-ravikrishnan-v-acit-bang-trib-www-itatonline-org\/"},"modified":"2019-06-23T14:46:15","modified_gmt":"2019-06-23T14:46:15","slug":"n-r-ravikrishnan-v-acit-bang-trib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/n-r-ravikrishnan-v-acit-bang-trib-www-itatonline-org\/","title":{"rendered":"N. R. Ravikrishnan v. ACIT ( 2018) 68 ITR 457\/ ( 2019) 175 ITD 355\/ 177 DTR 289  (Bang.)(Trib.), www.itatonline.org"},"content":{"rendered":"<p><strong>Allowing the appeal of the assessee the Tribunal held that; ESOP options provide valuable right to the assessee to exercise and have allotment of shares. They are thus &#8216;capital asset&#8217; held by the assessee from the date of grant. If the assessee transfers the option itself, the capital gains will have to be assessed as long-term capital gains if the options have been held for more than three years. <\/strong>(ITA No.2348\/Bang\/2018, dt. 31.10.2018) (AY. 2007-08).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains\u2013Capital asset-ESOP options provide valuable right to the assessee to exercise and have allotment of shares- They are thus &#8216;capital asset&#8217; held by the assessee from the date of grant-  If the assessee transfers the option itself, the capital gains will have to be assessed as long-term capital gains ,if the options have been held for more than three years. [S.2(14), 2(42A), 45, 48]<\/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-3447","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-TB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3447","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=3447"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3447\/revisions"}],"predecessor-version":[{"id":5901,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3447\/revisions\/5901"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}