https://www.taxtmi.com/caselaws?id=279892 The High Court ruled in favor of the assessee regarding the expenditure claimed towards Employee Stock Ownership Plan (ESOP). The Court held that the expenditure should be allowed, rejecting the Revenue's argument that deduction could only be claimed upon actual acquisition of shares from a third party. Additionally, the Court dismissed the disallowance under Section 14(A) of the Act, finding no question of law in the matter. Consequently, the appeal was dismissed based on the Court's findings on both issues. en-us Fri, 13 Apr 2018 00:00:00 +0530 Wed, 10 Apr 2019 06:12:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279892 The High Court ruled in favor of the assessee regarding the expenditure claimed towards Employee Stock Ownership Plan (ESOP). The Court held that the expenditure should be allowed, rejecting the Revenue's argument that deduction could only be claimed upon actual acquisition of shares from a third party. Additionally, the Court dismissed the disallowance under Section 14(A) of the Act, finding no question of law in the matter. Consequently, the appeal was dismissed based on the Court's findings on both issues. Case-Laws Income Tax Fri, 13 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279892