https://www.taxtmi.com/caselaws?id=252041 The Tribunal partially allowed the appeal by upholding the disallowance of depreciation on Mumbai Premises but allowing the deduction for Employee Stock Option Scheme (ESOP) expenses. The interest charges under Sections 234B and 234C were treated as consequential, and the initiation of penalty proceedings under Section 271(1)(c) was considered premature. en-us Fri, 26 Sep 2014 00:00:00 +0530 Thu, 09 Oct 2014 06:28:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252041 The Tribunal partially allowed the appeal by upholding the disallowance of depreciation on Mumbai Premises but allowing the deduction for Employee Stock Option Scheme (ESOP) expenses. The interest charges under Sections 234B and 234C were treated as consequential, and the initiation of penalty proceedings under Section 271(1)(c) was considered premature. Case-Laws Income Tax Fri, 26 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252041