https://www.taxtmi.com/caselaws?id=438101 The ITAT upheld the Ld. CIT(A)'s decision to delete the addition of share premium receipt under section 56(2)(viib) of the Income Tax Act, 1961, finding the valuation method used by the assessee to be justified. Additionally, the ITAT allowed the claim of ESOP expenses, relying on the Delhi High Court's precedent that such expenses are allowable. The Revenue's appeal was dismissed, affirming the Ld. CIT(A)'s rulings on both issues. en-us Tue, 02 May 2023 00:00:00 +0530 Mon, 22 May 2023 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438101 The ITAT upheld the Ld. CIT(A)'s decision to delete the addition of share premium receipt under section 56(2)(viib) of the Income Tax Act, 1961, finding the valuation method used by the assessee to be justified. Additionally, the ITAT allowed the claim of ESOP expenses, relying on the Delhi High Court's precedent that such expenses are allowable. The Revenue's appeal was dismissed, affirming the Ld. CIT(A)'s rulings on both issues. Case-Laws Income Tax Tue, 02 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438101