https://www.taxtmi.com/caselaws?id=405988 The Tribunal partly allowed the appeal, directing the Assessing Officer to reconsider the claim for ESOP expenses amounting to Rs. 55,09,865, emphasizing that such expenses were incurred wholly and exclusively for business purposes and should be allowed in accordance with the law. The Tribunal stressed the importance of providing the assessee with a fair hearing opportunity in line with the principles of natural justice. en-us Tue, 23 Mar 2021 00:00:00 +0530 Sat, 03 Apr 2021 08:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405988 The Tribunal partly allowed the appeal, directing the Assessing Officer to reconsider the claim for ESOP expenses amounting to Rs. 55,09,865, emphasizing that such expenses were incurred wholly and exclusively for business purposes and should be allowed in accordance with the law. The Tribunal stressed the importance of providing the assessee with a fair hearing opportunity in line with the principles of natural justice. Case-Laws Income Tax Tue, 23 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405988