https://www.taxtmi.com/caselaws?id=370125 The Tribunal quashed the reassessment proceedings initiated by the AO, holding them invalid as they were based on a mere change of opinion without any new tangible material. The Tribunal also upheld the allowability of ESOP expenses as revenue expenditure, following the judicial precedent. The appeal of the assessee was allowed, and the appeal of the revenue was dismissed. en-us Wed, 31 Oct 2018 00:00:00 +0530 Sat, 10 Nov 2018 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370125 The Tribunal quashed the reassessment proceedings initiated by the AO, holding them invalid as they were based on a mere change of opinion without any new tangible material. The Tribunal also upheld the allowability of ESOP expenses as revenue expenditure, following the judicial precedent. The appeal of the assessee was allowed, and the appeal of the revenue was dismissed. Case-Laws Income Tax Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370125