https://www.taxtmi.com/caselaws?id=298242 The court upheld the allowance of ESOP expenses to the assessee, relying on decisions by the Special Bench, Delhi High Court, and Madras High Court. The Revenue's challenge was dismissed as the expenses were deemed revenue expenditure, not contingent or capital in nature. The judgment emphasized alignment with prior decisions and thorough analysis of equity shares and employee compensation, ultimately supporting the assessee's position. The decision favored the assessee, dismissing the Revenue's grounds and affirming the allowance of ESOP expenses. en-us Fri, 02 Aug 2019 00:00:00 +0530 Fri, 22 Oct 2021 08:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298242 The court upheld the allowance of ESOP expenses to the assessee, relying on decisions by the Special Bench, Delhi High Court, and Madras High Court. The Revenue's challenge was dismissed as the expenses were deemed revenue expenditure, not contingent or capital in nature. The judgment emphasized alignment with prior decisions and thorough analysis of equity shares and employee compensation, ultimately supporting the assessee's position. The decision favored the assessee, dismissing the Revenue's grounds and affirming the allowance of ESOP expenses. Case-Laws Income Tax Fri, 02 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298242