https://www.taxtmi.com/caselaws?id=390080 The appeals by the Revenue involved the deletion of additions on account of deferred income and the disallowance of Employee Stock Option Plan (ESOP) expenses. The Commissioner, supported by the ITAT, ruled in favor of the assessee in both issues. The deletion of deferred income additions was upheld based on the consistent method followed by the assessee and previous Tribunal decisions. Similarly, the disallowance of ESOP expenses was overturned, citing justification from a Madras High Court decision and past judicial precedents allowing such expenditure. The ITAT affirmed the Commissioner's decisions, dismissing the appeals. en-us Wed, 20 Nov 2019 00:00:00 +0530 Mon, 23 Dec 2019 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390080 The appeals by the Revenue involved the deletion of additions on account of deferred income and the disallowance of Employee Stock Option Plan (ESOP) expenses. The Commissioner, supported by the ITAT, ruled in favor of the assessee in both issues. The deletion of deferred income additions was upheld based on the consistent method followed by the assessee and previous Tribunal decisions. Similarly, the disallowance of ESOP expenses was overturned, citing justification from a Madras High Court decision and past judicial precedents allowing such expenditure. The ITAT affirmed the Commissioner's decisions, dismissing the appeals. Case-Laws Income Tax Wed, 20 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390080