Gain arising to ESOP trust on transfer of shares to employees of setter-co. isn’t business receipt

IT : Where assessee was an 'ESOP Trust' created by settler-company for implementing its ESOP scheme the assessee was merely acting as 'Special Purpose Vehicle'. Shares held by the assessee were in fiduciary capacity and assessee did not have absolute rights over those, so these shares could not be categorised as business assets. Thus, gain arising to assessee on transfer of shares to employees of settlor-company was to be treated as capital gain and not as business profits