https://www.taxtmi.com/caselaws?id=439543 The Appellate Tribunal ITAT Mumbai upheld the decisions of the Ld CIT(A) in favor of the assessee regarding the deduction of unamortized brokerage expenses and ESOP expenses. The Tribunal allowed the deduction of brokerage expenses due to business discontinuation and permitted the ESOP expenses deduction based on the nature of the scheme and actual expenditure incurred. The appeal of the revenue and cross objection of the assessee were dismissed. en-us Tue, 30 May 2023 00:00:00 +0530 Tue, 27 Jun 2023 08:09:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439543 The Appellate Tribunal ITAT Mumbai upheld the decisions of the Ld CIT(A) in favor of the assessee regarding the deduction of unamortized brokerage expenses and ESOP expenses. The Tribunal allowed the deduction of brokerage expenses due to business discontinuation and permitted the ESOP expenses deduction based on the nature of the scheme and actual expenditure incurred. The appeal of the revenue and cross objection of the assessee were dismissed. Case-Laws Income Tax Tue, 30 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439543