https://www.taxtmi.com/caselaws?id=420358 The Tribunal ruled in favor of the Appellant, directing the Assessing Officer to allow the deduction for employees' stock option expenses under Section 37 of the Income Tax Act. The Tribunal relied on the Biocon Limited case, holding that ESOP discounts are deductible and should be spread over the vesting period. The Assessing Officer was instructed to follow the High Court's judgment and provide a fair hearing to the assessee for further proceedings regarding the disallowance of ESOP expenses based on CBDT Circular No. 9/2007. en-us Fri, 18 Mar 2022 00:00:00 +0530 Fri, 01 Apr 2022 08:33:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420358 The Tribunal ruled in favor of the Appellant, directing the Assessing Officer to allow the deduction for employees' stock option expenses under Section 37 of the Income Tax Act. The Tribunal relied on the Biocon Limited case, holding that ESOP discounts are deductible and should be spread over the vesting period. The Assessing Officer was instructed to follow the High Court's judgment and provide a fair hearing to the assessee for further proceedings regarding the disallowance of ESOP expenses based on CBDT Circular No. 9/2007. Case-Laws Income Tax Fri, 18 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420358