https://www.taxtmi.com/caselaws?id=254171 The Tribunal allowed the assessee's appeal for statistical purposes, remitting various issues back to the Assessing Officer for reconsideration in compliance with the law and DRP's directions. The Tribunal emphasized the binding nature of DRP's directions and referred to the Biocon Ltd. decision regarding the deductibility of ESOP expenses. Penalty proceedings under Section 271(1)(c) were deemed premature and rejected by the Tribunal. en-us Thu, 17 Apr 2014 00:00:00 +0530 Mon, 15 Dec 2014 06:44:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254171 The Tribunal allowed the assessee's appeal for statistical purposes, remitting various issues back to the Assessing Officer for reconsideration in compliance with the law and DRP's directions. The Tribunal emphasized the binding nature of DRP's directions and referred to the Biocon Ltd. decision regarding the deductibility of ESOP expenses. Penalty proceedings under Section 271(1)(c) were deemed premature and rejected by the Tribunal. Case-Laws Income Tax Thu, 17 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254171