https://www.taxtmi.com/caselaws?id=355444 The Tribunal allowed the assessee's appeal, confirming the deletion of the penalty for ESOP expenses. The department's appeal was dismissed, and the issue of penalty on TP adjustments was remanded to the AO for reconsideration. The Tribunal upheld the CIT(A)'s decision regarding the penalty related to ESOP expenses and directed a fresh adjudication on TP adjustments. en-us Wed, 07 Feb 2018 00:00:00 +0530 Wed, 14 Feb 2018 09:48:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355444 The Tribunal allowed the assessee's appeal, confirming the deletion of the penalty for ESOP expenses. The department's appeal was dismissed, and the issue of penalty on TP adjustments was remanded to the AO for reconsideration. The Tribunal upheld the CIT(A)'s decision regarding the penalty related to ESOP expenses and directed a fresh adjudication on TP adjustments. Case-Laws Income Tax Wed, 07 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355444