https://www.taxtmi.com/caselaws?id=192156 The appeal filed by the assessee, a private limited company, against the disallowance of expenditure claimed for allotment of equity shares to employees under ESOP for the assessment year 2007-08 was dismissed. The Tribunal upheld the disallowance, stating that the expenditure claimed for allotment of shares under ESOP is not allowable under section 37(1) of the Act, following previous tribunal decisions. The Tribunal found the cited decisions by the assessee to be factually distinguishable and confirmed the CIT (A)'s order. en-us Thu, 31 Jan 2013 00:00:00 +0530 Wed, 17 May 2017 17:23:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192156 The appeal filed by the assessee, a private limited company, against the disallowance of expenditure claimed for allotment of equity shares to employees under ESOP for the assessment year 2007-08 was dismissed. The Tribunal upheld the disallowance, stating that the expenditure claimed for allotment of shares under ESOP is not allowable under section 37(1) of the Act, following previous tribunal decisions. The Tribunal found the cited decisions by the assessee to be factually distinguishable and confirmed the CIT (A)'s order. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192156