https://www.taxtmi.com/caselaws?id=295827 The Tribunal ruled in favor of the assessee on all counts: 1. The entertainment tax subsidy for Crystal Palm (Rajasthan) was classified as a capital receipt. 2. The disallowance under Section 14A read with Rule 8D was deleted due to no exempt income being earned. 3. The ESOP expenses were allowed as a deductible expense under Section 37(1). The appeals filed by the assessee were allowed, while the appeals filed by the revenue were dismissed. en-us Fri, 10 Feb 2017 00:00:00 +0530 Mon, 21 Jun 2021 20:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295827 The Tribunal ruled in favor of the assessee on all counts: 1. The entertainment tax subsidy for Crystal Palm (Rajasthan) was classified as a capital receipt. 2. The disallowance under Section 14A read with Rule 8D was deleted due to no exempt income being earned. 3. The ESOP expenses were allowed as a deductible expense under Section 37(1). The appeals filed by the assessee were allowed, while the appeals filed by the revenue were dismissed. Case-Laws Income Tax Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295827