2014 (7) TMI 1162 - SCH - Income Tax

LTCG or STCG - Gain on sale of shares was declared as long term capital gain - assessee had sold shares which were acquired by him under Stock Option Plan - High Court 2013 (7) TMI 944 - DELHI HIGH COURT has remanded back the matter to the tribunal - Apex Court directs that the Tribunal shall not be influenced by the observations made by the High Court in its impugned order and it shall decide the matter on the facts and merits of the case.

Summary

The Supreme Court of India dismissed the Special Leave Petition, but clarified that the Tribunal should decide the case based on facts and merits, not influenced by High Court observations.