https://www.taxtmi.com/caselaws?id=337703 Expenditure under a stock appreciation right scheme was treated as revenue expenditure because the scheme was designed to reward and retain employees, and the liability crystallised during the vesting period as an ascertained business cost. The amount was regarded as employee compensation rather than a capital outlay or a mere contingent liability, with the same principle applied consistently to both assessment years on identical facts. On that basis, the disallowance and enhancement were held unsustainable and the additions relating to the scheme were deleted. en-us Wed, 04 Jan 2017 00:00:00 +0530 Sat, 14 Jan 2017 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337703 Expenditure under a stock appreciation right scheme was treated as revenue expenditure because the scheme was designed to reward and retain employees, and the liability crystallised during the vesting period as an ascertained business cost. The amount was regarded as employee compensation rather than a capital outlay or a mere contingent liability, with the same principle applied consistently to both assessment years on identical facts. On that basis, the disallowance and enhancement were held unsustainable and the additions relating to the scheme were deleted. Case-Laws Income Tax Wed, 04 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337703