https://www.taxtmi.com/caselaws?id=354110 The ITAT upheld the CIT(A)'s order, dismissing the Revenue's appeal regarding the disallowance of ESOP expenses. The ITAT found the expenses were correctly claimed and amortized over the years, in line with previous decisions, ultimately rejecting the Revenue's grounds. The ITAT proceeded ex-parte due to the non-appearance of the assessee, considering submissions and records before dismissing the Revenue's appeal. Precedents in similar cases were applied to support the decision, leading to the affirmation of the CIT(A)'s order on 05/01/2018. en-us Fri, 05 Jan 2018 00:00:00 +0530 Thu, 18 Jan 2018 08:25:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354110 The ITAT upheld the CIT(A)'s order, dismissing the Revenue's appeal regarding the disallowance of ESOP expenses. The ITAT found the expenses were correctly claimed and amortized over the years, in line with previous decisions, ultimately rejecting the Revenue's grounds. The ITAT proceeded ex-parte due to the non-appearance of the assessee, considering submissions and records before dismissing the Revenue's appeal. Precedents in similar cases were applied to support the decision, leading to the affirmation of the CIT(A)'s order on 05/01/2018. Case-Laws Income Tax Fri, 05 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354110