https://www.taxtmi.com/caselaws?id=415787 The ITAT upheld the allowability of ESOP expenses as deductible business expenditure under Section 37(1) of the Income Tax Act, 1961. The decision was based on judicial precedents and reasoning provided in the judgment, affirming that ESOP expenses are deductible as employee costs during the vesting period, following the method outlined by the Special Bench of ITAT. The ITAT dismissed the Revenue's appeal, citing that ESOP discounts represent consideration for services rendered by employees and are therefore deductible business expenditures according to High Court decisions. en-us Tue, 07 Dec 2021 00:00:00 +0530 Mon, 13 Dec 2021 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415787 The ITAT upheld the allowability of ESOP expenses as deductible business expenditure under Section 37(1) of the Income Tax Act, 1961. The decision was based on judicial precedents and reasoning provided in the judgment, affirming that ESOP expenses are deductible as employee costs during the vesting period, following the method outlined by the Special Bench of ITAT. The ITAT dismissed the Revenue's appeal, citing that ESOP discounts represent consideration for services rendered by employees and are therefore deductible business expenditures according to High Court decisions. Case-Laws Income Tax Tue, 07 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415787