> I’d have to learn more about the specifics of this case. <
The stock in question is that of a company that does business overseas, in India. I wonder if that has anything to do with it.
Anyway, if the Supreme Court upholds the tax in general, it will be a great day for tax accountants. Your stock gains in value, pay a tax. Your stock drops in value, get a tax credit (I guess).
Great for accountants. A nightmare for everyone else.
It also sounds like it is not public and is controlled stock.