https://www.taxtmi.com/caselaws?id=178537 The Tribunal partly allowed both appeals, providing relief on certain issues such as disallowance of expenses incurred on repairs to the factory building and outstanding liability for purchases. However, it upheld disallowances on other issues including employees' contribution to PF and ESIC paid beyond the grace period and expenses claimed under the Employees Stock Option Scheme (ESOP), noting that ESOP expenses result in a notional loss, not an actual expenditure. en-us Fri, 17 Sep 2010 00:00:00 +0530 Tue, 12 Sep 2023 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178537 The Tribunal partly allowed both appeals, providing relief on certain issues such as disallowance of expenses incurred on repairs to the factory building and outstanding liability for purchases. However, it upheld disallowances on other issues including employees' contribution to PF and ESIC paid beyond the grace period and expenses claimed under the Employees Stock Option Scheme (ESOP), noting that ESOP expenses result in a notional loss, not an actual expenditure. Case-Laws Income Tax Fri, 17 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178537