https://www.taxtmi.com/caselaws?id=438332 The Appellate Tribunal dismissed the appeal of the Revenue and the Cross Objection of the assessee, upholding the decision of the Commissioner of Income Tax (Appeals) regarding the addition of employees' share-based payment under section 154 of the Income Tax Act, 1961 for the assessment year 2009-10. The CIT(A) ruled in favor of the assessee, allowing the deduction of employee share-based payment as revenue expenditure based on precedents and the non-contingent nature of the cost. The addition of Rs. 5,41,73,264 was deleted, and the Revenue's appeal was dismissed for lacking merit. en-us Fri, 26 May 2023 00:00:00 +0530 Sat, 27 May 2023 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438332 The Appellate Tribunal dismissed the appeal of the Revenue and the Cross Objection of the assessee, upholding the decision of the Commissioner of Income Tax (Appeals) regarding the addition of employees' share-based payment under section 154 of the Income Tax Act, 1961 for the assessment year 2009-10. The CIT(A) ruled in favor of the assessee, allowing the deduction of employee share-based payment as revenue expenditure based on precedents and the non-contingent nature of the cost. The addition of Rs. 5,41,73,264 was deleted, and the Revenue's appeal was dismissed for lacking merit. Case-Laws Income Tax Fri, 26 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438332