https://www.taxtmi.com/caselaws?id=370765 The tribunal concluded that the assessing officer had not erred in allowing the amortisation of ESOP expenses, as the expenses were found to be allowable under section 37(1) of the Income Tax Act. The tribunal held that the assessment order was not erroneous and did not meet the twin conditions required for revision under section 263. Consequently, the appeal of the assessee was allowed, and no revision under section 263 was deemed necessary. en-us Wed, 19 Sep 2018 00:00:00 +0530 Fri, 23 Nov 2018 09:37:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370765 The tribunal concluded that the assessing officer had not erred in allowing the amortisation of ESOP expenses, as the expenses were found to be allowable under section 37(1) of the Income Tax Act. The tribunal held that the assessment order was not erroneous and did not meet the twin conditions required for revision under section 263. Consequently, the appeal of the assessee was allowed, and no revision under section 263 was deemed necessary. Case-Laws Income Tax Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370765