https://www.taxtmi.com/caselaws?id=436117 The Tribunal upheld the decision of the Ld. CIT(A), NFAC, Delhi, allowing the deduction of ESOP expenses claimed by the banking company under section 37(1) of the Income-tax Act, 1961. The Tribunal considered the ESOP costs as legitimate business expenditure related to employee appreciation and loyalty, in line with judicial precedents supporting the allowability of such expenses. The revenue's appeal challenging the disallowance was dismissed, affirming the deductibility of ESOP expenses as employee costs under section 37(1) of the Act. en-us Mon, 27 Mar 2023 00:00:00 +0530 Tue, 04 Apr 2023 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436117 The Tribunal upheld the decision of the Ld. CIT(A), NFAC, Delhi, allowing the deduction of ESOP expenses claimed by the banking company under section 37(1) of the Income-tax Act, 1961. The Tribunal considered the ESOP costs as legitimate business expenditure related to employee appreciation and loyalty, in line with judicial precedents supporting the allowability of such expenses. The revenue's appeal challenging the disallowance was dismissed, affirming the deductibility of ESOP expenses as employee costs under section 37(1) of the Act. Case-Laws Income Tax Mon, 27 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436117