https://www.taxtmi.com/caselaws?id=412823 The ITAT Hyderabad dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on the allowability of expenses with enduring benefit as revenue and the disallowance under section 14A for exempt income. The CIT(A) allowed ESOP expenses based on ICAI guidelines and SEBI mandates, citing precedents and valuation methods used by the appellant. The CIT(A) ruled in favor of the assessee regarding the notional loss claimed as expenditure under section 14A, emphasizing the absence of exempt income. The ITAT concurred with the CIT(A)'s reasoning, affirming the decisions on 17th September 2021. en-us Fri, 17 Sep 2021 00:00:00 +0530 Mon, 27 Sep 2021 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412823 The ITAT Hyderabad dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on the allowability of expenses with enduring benefit as revenue and the disallowance under section 14A for exempt income. The CIT(A) allowed ESOP expenses based on ICAI guidelines and SEBI mandates, citing precedents and valuation methods used by the appellant. The CIT(A) ruled in favor of the assessee regarding the notional loss claimed as expenditure under section 14A, emphasizing the absence of exempt income. The ITAT concurred with the CIT(A)'s reasoning, affirming the decisions on 17th September 2021. Case-Laws Income Tax Fri, 17 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412823