Taxpublishers.in - InterestingDecision/Flash_16338.htm - Tax Publishers Your Tax Solution Hub

Share via Whatsapp 219 Views


The Tax Publishers Pramod H. Lele v. Asstt. CIT [MA Nos. 266 & 267/Mum/2015 (Arising out of ITA Nos. 5581/Mum/2004 & & 3691/Mum2005), dt. 10-5-2016] : 2016 TaxPub(DT) 2553 (Mum-Trib) Date of reckoning of ESOPs whether grant date or vesting date--Rectification of mistake on face of record of ITAT order. *Facts:* Assessees allotment of ESOP was held to be starting from the vesting date and not from the grant date by ITAT. This was dealt in Flash mailer 59 ACIT v. Pramod H Lele, 2016 TaxPub(DT) 560 (Mum-Trib) - Asstt. CIT v. Pramod H. Lele/Dated 6-11-2015 (see below mail). In this miscellaneous petition the assessee has requested for rectification of the ITAT order. This did not find any worth by ITAT thus was dismissed. Held against the assessee that the ITAT order requires no rectification on the fact of date of vesting being the start date for ESOP/SAR.

The Tax Publishers

Pramod H. Lele v. Asstt. CIT [MA Nos. 266 & 267/Mum/2015 (Arising out of ITA Nos. 5581/Mum/2004 & & 3691/Mum2005), dt. 10-5-2016] : 2016 TaxPub(DT) 2553 (Mum-Trib)

Date of reckoning of ESOPs whether grant date or vesting date--Rectification of mistake on face of record of ITAT order.

Facts:

Assessees allotment of ESOP was held to be starting from the vesting date and not from the grant date by ITAT. This was dealt in Flash mailer 59 ACIT v. Pramod H Lele, 2016 TaxPub(DT) 560 (Mum-Trib) - Asstt. CIT v. Pramod H. Lele/Dated 6-11-2015 (see below mail). In this miscellaneous petition the assessee has requested for rectification of the ITAT order. This did not find any worth by ITAT thus was dismissed.

Held against the assessee that the ITAT order requires no rectification on the fact of date of vesting being the start date for ESOP/SAR.