https://www.taxtmi.com/caselaws?id=327979 The Tribunal allowed the deduction claim for ESOP amount, citing precedents where similar claims were allowed by High Courts. The treatment of entertainment tax exemption as a capital receipt was dismissed based on past Tribunal decisions and High Court judgment. The disallowance of expenditure on prints as capital expenditure was rejected, directing to treat it as revenue expenditure in the year of expenditure. The Tribunal's decision favored the assessee in all three issues, emphasizing adherence to relevant legal precedents. en-us Wed, 13 Apr 2016 00:00:00 +0530 Tue, 24 May 2016 10:29:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327979 The Tribunal allowed the deduction claim for ESOP amount, citing precedents where similar claims were allowed by High Courts. The treatment of entertainment tax exemption as a capital receipt was dismissed based on past Tribunal decisions and High Court judgment. The disallowance of expenditure on prints as capital expenditure was rejected, directing to treat it as revenue expenditure in the year of expenditure. The Tribunal's decision favored the assessee in all three issues, emphasizing adherence to relevant legal precedents. Case-Laws Income Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327979