https://www.taxtmi.com/caselaws?id=245611 The Tribunal upheld the CIT(Appeals) decision to allow the expenditure claimed by the assessee for a loan given to a Trust without charging interest, as the borrowed funds were used for the Employee Stock Option Plan (ESOP) scheme. The Tribunal ruled that the benefits provided to employees through the ESOP scheme were taxable as perquisites, regardless of the intermediary institution. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the findings of the CIT(Appeals). en-us Tue, 15 Oct 2013 00:00:00 +0530 Thu, 03 Apr 2014 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245611 The Tribunal upheld the CIT(Appeals) decision to allow the expenditure claimed by the assessee for a loan given to a Trust without charging interest, as the borrowed funds were used for the Employee Stock Option Plan (ESOP) scheme. The Tribunal ruled that the benefits provided to employees through the ESOP scheme were taxable as perquisites, regardless of the intermediary institution. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the findings of the CIT(Appeals). Case-Laws Income Tax Tue, 15 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245611