https://www.taxtmi.com/caselaws?id=255165 The Special Bench of ITAT held that the discount on shares under ESOP is an allowable deduction. They provided a method for calculating the deduction, emphasizing that the liability is incurred during the vesting period. The deduction should be claimed over the vesting years on a straight-line basis. The ITAT directed the Assessing Officer to allow the deduction and verify the quantum claimed by the assessee in line with the Biocon case decision. The appeal was allowed for statistical purposes. en-us Fri, 26 Sep 2014 00:00:00 +0530 Fri, 09 Jan 2015 10:09:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255165 The Special Bench of ITAT held that the discount on shares under ESOP is an allowable deduction. They provided a method for calculating the deduction, emphasizing that the liability is incurred during the vesting period. The deduction should be claimed over the vesting years on a straight-line basis. The ITAT directed the Assessing Officer to allow the deduction and verify the quantum claimed by the assessee in line with the Biocon case decision. The appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 26 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255165