https://www.taxtmi.com/caselaws?id=342168 The appeal of the assessee was partly allowed by the High Court of Madras. The tribunal directed the AO to adjudicate the grounds on merits despite a delay in filing the appeal. Regarding the disallowance of compensation paid under the ESOP scheme, the tribunal found the expenditure allowable as a deduction. The tribunal also ruled against adding the provision for wealth tax to book profits under Section 115JB and directed a reduction for the reversal of product support expenses. The tribunal's decision was issued on February 17, 2017, in Chennai. en-us Fri, 17 Feb 2017 00:00:00 +0530 Wed, 08 Apr 2026 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342168 The appeal of the assessee was partly allowed by the High Court of Madras. The tribunal directed the AO to adjudicate the grounds on merits despite a delay in filing the appeal. Regarding the disallowance of compensation paid under the ESOP scheme, the tribunal found the expenditure allowable as a deduction. The tribunal also ruled against adding the provision for wealth tax to book profits under Section 115JB and directed a reduction for the reversal of product support expenses. The tribunal's decision was issued on February 17, 2017, in Chennai. Case-Laws Income Tax Fri, 17 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342168