Wednesday, 2 September 2026

Refund of pre-deposit cannot be withheld merely because litigation continues on the balance demand

 In a significant judgment in IBM India Pvt. Ltd. v. Union of India (2026-VIL-955-BOM), the Bombay High Court has reaffirmed an important principle governing GST appeals and pre-deposits.

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Taxability of Stock Option Buy-Backs: Salary or Capital Gains?

 . Introduction

Employee Stock Option Plans (ESOPs) are widely used to attract and retain talent by aligning compensation with performance. The lifecycle of an ESOP traverses five stages: grant, vesting, exercise, allotment, and sale. Each carries distinct tax implications.

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S๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ ๐Ÿ๐ž๐ž ๐ฉ๐š๐ข๐ ๐ญ๐จ ๐š ๐ญ๐ซ๐š๐ง๐ฌ๐š๐œ๐ญ๐ข๐จ๐ง ๐š๐๐ฏ๐ข๐ฌ๐จ๐ซ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐ฌ๐š๐ฅ๐ž ๐จ๐Ÿ ๐ฌ๐ก๐š๐ซ๐ž๐ฌ ๐ข๐ฌ ๐š๐ฅ๐ฅ๐จ๐ฐ๐š๐›๐ฅ๐ž ๐ฐ๐ก๐ข๐ฅ๐ž ๐œ๐จ๐ฆ๐ฉ๐ฎ๐ญ๐ข๐ง๐  ๐œ๐š๐ฉ๐ข๐ญ๐š๐ฅ ๐ ๐š๐ข๐ง๐ฌ.

 ๐๐š๐ง๐ ๐š๐ฅ๐จ๐ซ๐ž ๐“๐ซ๐ข๐›๐ฎ๐ง๐š๐ฅin the case of Mohan Rajashekhar  ๐ก๐ž๐ฅ๐ ๐ญ๐ก๐š๐ญ ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ ๐Ÿ๐ž๐ž ๐ฉ๐š๐ข๐ ๐ญ๐จ ๐š ๐ญ๐ซ๐š๐ง๐ฌ๐š๐œ๐ญ๐ข๐จ๐ง ๐š๐๐ฏ๐ข๐ฌ๐จ๐ซ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐ฌ๐š๐ฅ๐ž ๐จ๐Ÿ ๐ฌ๐ก๐š๐ซ๐ž๐ฌ ๐ข๐ฌ ๐š๐ฅ๐ฅ๐จ๐ฐ๐š๐›๐ฅ๐ž ๐ฐ๐ก๐ข๐ฅ๐ž ๐œ๐จ๐ฆ๐ฉ๐ฎ๐ญ๐ข๐ง๐  ๐œ๐š๐ฉ๐ข๐ญ๐š๐ฅ ๐ ๐š๐ข๐ง๐ฌ. ๐“๐ก๐ž ๐“๐ซ๐ข๐›๐ฎ๐ง๐š๐ฅ ๐ก๐ž๐ฅ๐ ๐ญ๐ก๐š๐ญ ๐ฐ๐ก๐ž๐ซ๐ž ๐š๐๐ฏ๐ข๐ฌ๐จ๐ซ๐ฒ ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐ก๐š๐ฏ๐ž ๐š ๐๐ข๐ซ๐ž๐œ๐ญ ๐ง๐ž๐ฑ๐ฎ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ž ๐ญ๐ซ๐š๐ง๐ฌ๐Ÿ๐ž๐ซ ๐š๐ง๐ ๐ญ๐ก๐ž ๐ž๐ฑ๐ฉ๐ž๐ง๐๐ข๐ญ๐ฎ๐ซ๐ž ๐ข๐ฌ ๐ข๐ง๐œ๐ฎ๐ซ๐ซ๐ž๐ ๐ฐ๐ก๐จ๐ฅ๐ฅ๐ฒ ๐š๐ง๐ ๐ž๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž๐ฅ๐ฒ ๐ข๐ง ๐œ๐จ๐ง๐ง๐ž๐œ๐ญ๐ข๐จ๐ง ๐ฐ๐ข๐ญ๐ก ๐ฌ๐ฎ๐œ๐ก ๐ญ๐ซ๐š๐ง๐ฌ๐Ÿ๐ž๐ซ, ๐ญ๐ก๐ž ๐ž๐ฑ๐ฉ๐ž๐ง๐ฌ๐ž ๐ข๐ฌ ๐š๐ฅ๐ฅ๐จ๐ฐ๐ž๐ ๐š๐ฌ ๐๐ž๐๐ฎ๐œ๐ญ๐ข๐จ๐ง.

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Refund of pre-deposit cannot be withheld merely because litigation continues on the balance demand

  In a significant judgment in IBM India Pvt. Ltd. v. Union of India (2026-VIL-955-BOM), the Bombay High Court has reaffirmed an important p...