https://www.taxtmi.com/caselaws?id=381926 The High Court of Bombay addressed issues regarding the allowability of deductions for Employee Stock Ownership Plan (ESOP) discounts, exclusion of specific companies from comparables for transfer pricing adjustment, and the disallowance of penalty expenditure. The Court admitted the appeal to consider the substantial legal question of allowing ESOP discounts as deductions, provided detailed analyses for excluding companies from comparables, and allowed penalty expenditure as business expenditure due to irregularities by the assessee's clients. en-us Mon, 10 Jun 2019 00:00:00 +0530 Thu, 20 Jun 2019 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381926 The High Court of Bombay addressed issues regarding the allowability of deductions for Employee Stock Ownership Plan (ESOP) discounts, exclusion of specific companies from comparables for transfer pricing adjustment, and the disallowance of penalty expenditure. The Court admitted the appeal to consider the substantial legal question of allowing ESOP discounts as deductions, provided detailed analyses for excluding companies from comparables, and allowed penalty expenditure as business expenditure due to irregularities by the assessee's clients. Case-Laws Income Tax Mon, 10 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381926