https://www.taxtmi.com/caselaws?id=427294 The Tribunal allowed the appeal for A.Y. 2010-11 and partly allowed the appeal for A.Y. 2011-12, recognizing the deductibility of Employee Stock Options (ESOP) expenditure under Section 37(1) of the Income-tax Act. The Tribunal emphasized adherence to the Special Bench decision, holding that the discount on ESOPs is an allowable deduction during the vesting period, subject to adjustments at the time of exercise. The decision ensured accurate quantification of ESOP expenditure based on the perquisite value taxed in the hands of employees. The additional ground regarding Education Cess was dismissed as not pressed. en-us Mon, 29 Aug 2022 00:00:00 +0530 Mon, 05 Sep 2022 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427294 The Tribunal allowed the appeal for A.Y. 2010-11 and partly allowed the appeal for A.Y. 2011-12, recognizing the deductibility of Employee Stock Options (ESOP) expenditure under Section 37(1) of the Income-tax Act. The Tribunal emphasized adherence to the Special Bench decision, holding that the discount on ESOPs is an allowable deduction during the vesting period, subject to adjustments at the time of exercise. The decision ensured accurate quantification of ESOP expenditure based on the perquisite value taxed in the hands of employees. The additional ground regarding Education Cess was dismissed as not pressed. Case-Laws Income Tax Mon, 29 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427294