https://www.taxtmi.com/caselaws?id=443413 The appeal by the Assessing Officer regarding the addition under Section 68 of the Income-tax Act was dismissed as the ITAT confirmed the deletion of the addition by the CIT (A). The disallowance of advertisement and sales promotion expenses was overturned by the ITAT, emphasizing the need for independent analysis each assessment year. The disallowance of employee stock option expenses was deleted as the ITAT held such expenses as revenue in nature. The issue of disallowance of payments to certain entities was remanded back to the AO for further verification. en-us Fri, 15 Sep 2023 00:00:00 +0530 Mon, 03 Feb 2025 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443413 The appeal by the Assessing Officer regarding the addition under Section 68 of the Income-tax Act was dismissed as the ITAT confirmed the deletion of the addition by the CIT (A). The disallowance of advertisement and sales promotion expenses was overturned by the ITAT, emphasizing the need for independent analysis each assessment year. The disallowance of employee stock option expenses was deleted as the ITAT held such expenses as revenue in nature. The issue of disallowance of payments to certain entities was remanded back to the AO for further verification. Case-Laws Income Tax Fri, 15 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443413