https://www.taxtmi.com/caselaws?id=285637 The appeal was filed against the disallowance of Employee Stock Option Plan (ESOP) expenses claimed as capital expenditure. The Tribunal, following precedent cases, held ESOP expenses to be an allowable deduction under section 37(1) of the Act. The Tribunal set aside the order of the lower authority and directed the Assessing Officer to treat ESOP expenses as revenue expenditure. As a result, the appeal was allowed in favor of the assessee. en-us Wed, 24 Jun 2015 00:00:00 +0530 Mon, 20 Jan 2020 16:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285637 The appeal was filed against the disallowance of Employee Stock Option Plan (ESOP) expenses claimed as capital expenditure. The Tribunal, following precedent cases, held ESOP expenses to be an allowable deduction under section 37(1) of the Act. The Tribunal set aside the order of the lower authority and directed the Assessing Officer to treat ESOP expenses as revenue expenditure. As a result, the appeal was allowed in favor of the assessee. Case-Laws Income Tax Wed, 24 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285637