https://www.taxtmi.com/caselaws?id=303986 The ITAT Mumbai upheld the decision of the Ld.CIT(A) in the case concerning disallowance under section 14A r.w.s. Rule 8D of the Act, citing no infirmity in the Ld.CIT(A)'s order. Additionally, the ITAT ruled in favor of the assessee regarding the treatment of Employee Stock Option Scheme (ESOP) expenses as revenue expenses under section 37 of the Act, emphasizing the expenses' role in motivating and rewarding employees. The Revenue's appeal was dismissed, affirming the Ld.CIT(A)'s order in both aspects. en-us Tue, 30 Oct 2018 00:00:00 +0530 Wed, 31 Aug 2022 05:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303986 The ITAT Mumbai upheld the decision of the Ld.CIT(A) in the case concerning disallowance under section 14A r.w.s. Rule 8D of the Act, citing no infirmity in the Ld.CIT(A)'s order. Additionally, the ITAT ruled in favor of the assessee regarding the treatment of Employee Stock Option Scheme (ESOP) expenses as revenue expenses under section 37 of the Act, emphasizing the expenses' role in motivating and rewarding employees. The Revenue's appeal was dismissed, affirming the Ld.CIT(A)'s order in both aspects. Case-Laws Income Tax Tue, 30 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303986