https://www.taxtmi.com/caselaws?id=304396 The Tribunal allowed the assessee's appeal regarding the disallowance of expenditure incurred for the Employees Stock Option Scheme (ESOP) payments to the holding company. The Tribunal held that the expenditure qualified as business expenditure under Section 37(1) as it was for retaining and rewarding employees, not resulting in any capital asset for the assessee. The Tribunal directed the Assessing Officer to verify the expenditure quantification and allow the claim for shares actually allotted to employees. The revenue's appeal on disallowance under Section 14A was dismissed due to low tax effect. en-us Wed, 03 Oct 2018 00:00:00 +0530 Sat, 24 Sep 2022 08:17:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304396 The Tribunal allowed the assessee's appeal regarding the disallowance of expenditure incurred for the Employees Stock Option Scheme (ESOP) payments to the holding company. The Tribunal held that the expenditure qualified as business expenditure under Section 37(1) as it was for retaining and rewarding employees, not resulting in any capital asset for the assessee. The Tribunal directed the Assessing Officer to verify the expenditure quantification and allow the claim for shares actually allotted to employees. The revenue's appeal on disallowance under Section 14A was dismissed due to low tax effect. Case-Laws Income Tax Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304396