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![Receipt through Settlement of Shares is not ‘Business Income’ when it is done by settler of Trust by way of ESOP and not direct purchase from Market: Bombay HC [Read Judgment] Receipt through Settlement of Shares is not ‘Business Income’ when it is done by settler of Trust by way of ESOP and not direct purchase from Market: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/01/Sale-Consideration-Business-Income-Taxscan.jpg)
Receipt through Settlement of Shares is not ‘Business Income’ when it is done by settler of Trust by way of ESOP and not direct purchase from Market: Bombay HC [Read Judgment]
The Bombay High Court has held that when the settlement of shares was done by the settler of Trust by way of employee stock option plan and not a...