https://www.taxtmi.com/caselaws?id=410038 The Tribunal partially allowed the assessee's appeals and dismissed the revenue's appeals. The disallowance under Section 14A of the Income-tax Act was deleted, the deduction for education cess on income-tax was permitted, and the expenditure on Employee Stock Option Plan (ESOP) was allowed. The Tribunal directed the Assessing Officer to delete the disallowance made under Rule 8D and accept the suomoto disallowance made by the assessee. The decision was pronounced on 18.06.2021. en-us Fri, 18 Jun 2021 00:00:00 +0530 Fri, 23 Jul 2021 08:57:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410038 The Tribunal partially allowed the assessee's appeals and dismissed the revenue's appeals. The disallowance under Section 14A of the Income-tax Act was deleted, the deduction for education cess on income-tax was permitted, and the expenditure on Employee Stock Option Plan (ESOP) was allowed. The Tribunal directed the Assessing Officer to delete the disallowance made under Rule 8D and accept the suomoto disallowance made by the assessee. The decision was pronounced on 18.06.2021. Case-Laws Income Tax Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410038