Quantum Advisors Esop Trust , Mumbai vs The Income-Tax Officer (Exemptions), ... on 28 May, 2024
IN THE INCOME TAX APPELLATE TRIBUNAL " D" BENCH ... 2023
(Assessment Year: 2017-18)
The Income-tax Officer
Quantum Advisors ESOP Trust (Exemptions)
th
6 Floor, Hoechst House The Income-tax Officer
Nariman Point
Cosmo Films Esop 2015 Trust,Delhi vs Income Tax Officer Ward 34(5), Civic ... on 17 March, 2026
ITA No.6754/Del/2025 ... Hyderabad. This is a case where the assessee is an
ESOP Trust which is engaged in investment activities for the benefit of
the employees
were
to be allotted to a Trust namely Cosmic Ferro Alloys ESOP Trust. The
approved Resolution Plan got executed, and the shares were allotted ... Stock
Ferro Options to
Alloys Employees
Limited
ESOP
Trust
10,00,0000 1000,00 2,650.00 (135.00) 3,515.00 100%
Stock Options will be issued
also
entered into ESOP Scheme under which
further shares to be allotted to the employees
and an ESOP Trust was created on 20th June ... issue in question. ESOP was an essential term of
employment for the assessee's workforce; an ESOP Trust Fund
had been created for this
each by the Infosys Technologies Ltd. Employees Welfare Trust (trust). The salient features of the ESOP are as under :
(i) The trust was allotted ... with the trust. The trust is empowered to retransfer the same to its name in situations where the condition precedent of an ESOP
Welfare Fund Trust with sole purpose of acquisition of shares by the Trust and
further allotment of shares to the employees under ESOP. The learned ... Trust Deed where the beneficiaries are employees of the assessee company and
whereas the Trust was formed to allot shares under the ESOP
shown as amount receivable from Employees
stock Option Scheme Trust towards share capital and share
premium.
(ii) That in the board meeting held ... premium of Rs.29/- per share
respectively to STS Employees ESOP Trust, without receiving
any amount towards share capital and also share premium. The
allotment
shown as amount
receivable from Employees stock Option Scheme Trust towards
share capital and share premium respectively.
(ii) That in the board meeting held ... premium of Rs.29/- per share
respectively to STS Employees ESOP Trust, without receiving
any amount towards share capital and also share premium.
(iii) That
nominee of the judgment debtor No. 1 or to its
ESOP Trust.
9. In the affidavit to be filed by it, the applicant will also
2018/19, dated 31.5.2018 (w.e.f. 21.5.2012).] ; (ii) [ ESOP Trusts set up under the Securities and Exchange Board of India (Share Based Employee Benefits ... Regulations, 2014 or as permited under Companies Act, 2013] [Substituted '(ii) ESOP Trusts set up under the Securities and Exchange Board of India (Employee Stock
