https://www.taxtmi.com/caselaws?id=413958 The ITAT partly allowed the appeals for Assessment Years 2011-12 and 2012-13, with the deletion of disallowances related to ESOP compensation and Section 14A read with Rule 8D. The ITAT upheld the CIT(A)'s decisions on deductibility of ESOP compensation as revenue expenditure and exclusion of certain investments for disallowance computation. The matter was remanded to the AO for re-computation in line with the rulings. The cross objection by the assessee was dismissed, and the Revenue's ground was allowed for statistical purposes. en-us Thu, 14 Oct 2021 00:00:00 +0530 Mon, 25 Oct 2021 09:18:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413958 The ITAT partly allowed the appeals for Assessment Years 2011-12 and 2012-13, with the deletion of disallowances related to ESOP compensation and Section 14A read with Rule 8D. The ITAT upheld the CIT(A)'s decisions on deductibility of ESOP compensation as revenue expenditure and exclusion of certain investments for disallowance computation. The matter was remanded to the AO for re-computation in line with the rulings. The cross objection by the assessee was dismissed, and the Revenue's ground was allowed for statistical purposes. Case-Laws Income Tax Thu, 14 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413958