Redemption of Stock Appreciation Rights (SARs) is Capital Gains, Not Perquisite, u/s 17(2)(iii) Income Tax Act.

Perquisite or capital receipt - SARs - the amount received on redemption of Stock Appreciation Rights (SARs) is to be treated as capital gains and not perquisite u/s 17(2)(iii) of the IT Act. - SC .....

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