Insights
Mumbai ITAT holds fair value of ESOP shares to be cost under section 49(2AA) despite ESOP perquisite being non-taxable in India under India-UK DTAA
ITAT holds that repurchase of vested but unexercised ESOPs is taxable as Capital Gains and not Salary
Supreme Court affirms validity of Section 16(2)(c): ITC is admissible only where the supplier has actually remitted tax to the Government, Provision held neither arbitrary nor unconstitutional