https://www.taxtmi.com/caselaws?id=307023 The Tribunal partly allowed the appeal filed by the assessee and dismissed the appeal filed by the Assessing Officer. It upheld the deletion of the Arm's Length Price (ALP) adjustment for Optionally Convertible Debentures (OCDs), allowed the deduction for sundry advances written off, confirmed the deductibility of Employee Stock Option Plan (ESOP) expenses, and directed the recomputation of disallowance under Section 14A of the Income Tax Act read with Rule 8D. en-us Mon, 30 May 2022 00:00:00 +0530 Mon, 13 Mar 2023 21:54:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307023 The Tribunal partly allowed the appeal filed by the assessee and dismissed the appeal filed by the Assessing Officer. It upheld the deletion of the Arm's Length Price (ALP) adjustment for Optionally Convertible Debentures (OCDs), allowed the deduction for sundry advances written off, confirmed the deductibility of Employee Stock Option Plan (ESOP) expenses, and directed the recomputation of disallowance under Section 14A of the Income Tax Act read with Rule 8D. Case-Laws Income Tax Mon, 30 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307023