An employee was fined ₹10 lakh for not disclosing ESOP shares in his income tax return. The ITAT Chennai canceled the penalty, citing that the omission was accidental and there was no intent to conceal income, as the shares were already taxed.
ITAT cancels employee’s ₹10 lakh penalty for non-disclosure of ESOPs in ITR. Here’s how you can avoid the same mistake
An employee was fined ₹10 lakh for not disclosing ESOP shares in his income tax return. The ITAT Chennai canceled the penalty, citing that the omission was…
Lok Darpan
