Unlock Advanced Research with PRISMAI Integrated with over 4 crore judgments and laws — designed for legal practitioners, researchers, students and institutions - Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ... Upgrade to Premium Document Options Get in PDF Print it! [Cites 0, Cited by 0] [Section 115WC(1)] [Section 115WC] [Entire Act] Union of India - Subsection Section 115WC(1)(ii) in The Income Tax Act, 1961 (ii)"option" means a right but not an obligation granted to an employee to apply for the specified security or sweat equity shares at a predetermined price;]