https://www.taxtmi.com/caselaws?id=447439 ITAT Delhi allowed ESOP expenses as revenue expenditure, following Delhi HC precedents in Lemon Tree Hotels and Oswal Agro Mills. The tribunal dismissed disallowance under section 40a(ia) for circuit expense reimbursements, finding TDS provisions inapplicable. However, it upheld disallowance of delayed provident fund contributions per SC ruling in Checkmate Services. The tribunal ruled against section 14A disallowance where no exempt income was earned, citing Cheminvest Ltd precedent affirmed by Gujarat HC. en-us Fri, 22 Dec 2023 00:00:00 +0530 Mon, 25 Dec 2023 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447439 ITAT Delhi allowed ESOP expenses as revenue expenditure, following Delhi HC precedents in Lemon Tree Hotels and Oswal Agro Mills. The tribunal dismissed disallowance under section 40a(ia) for circuit expense reimbursements, finding TDS provisions inapplicable. However, it upheld disallowance of delayed provident fund contributions per SC ruling in Checkmate Services. The tribunal ruled against section 14A disallowance where no exempt income was earned, citing Cheminvest Ltd precedent affirmed by Gujarat HC. Case-Laws Income Tax Fri, 22 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447439