https://www.taxtmi.com/caselaws?id=303237 The Tribunal partly allowed the assessee's appeal regarding the disallowance of expenses to earn dividend income, remanding the matter to the AO for fresh consideration due to the absence of Rule 8D for the relevant assessment year. However, the Tribunal dismissed the assessee's appeal on the disallowance of ESOP expenditure. On the revenue's appeals, the Tribunal upheld the allowance of excess provision on account of dealers discount as sales promotion expenses and confirmed the employees' ESIC contribution paid within the grace period as being within the due date. The orders were pronounced on November 26, 2010. en-us Fri, 26 Nov 2010 00:00:00 +0530 Sat, 09 Jul 2022 13:02:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303237 The Tribunal partly allowed the assessee's appeal regarding the disallowance of expenses to earn dividend income, remanding the matter to the AO for fresh consideration due to the absence of Rule 8D for the relevant assessment year. However, the Tribunal dismissed the assessee's appeal on the disallowance of ESOP expenditure. On the revenue's appeals, the Tribunal upheld the allowance of excess provision on account of dealers discount as sales promotion expenses and confirmed the employees' ESIC contribution paid within the grace period as being within the due date. The orders were pronounced on November 26, 2010. Case-Laws Income Tax Fri, 26 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303237