https://www.taxtmi.com/caselaws?id=312195 The ITAT Delhi allowed the Revenue's appeal concerning the disallowance of Rs. 75,65,000 related to an Employees' Stock Option Plan for AY 2010-11. The Tribunal set aside the CIT(A)'s order, referencing the Biocon Ltd. case, which established that ESOP discounts are deductible as ascertained liabilities. The matter was remanded to the AO for reassessment consistent with this precedent, emphasizing the deductibility of ESOP expenses and ensuring adherence to established legal principles. The appeal was allowed for statistical purposes, reinforcing the treatment of ESOP expenses as deductible. en-us Thu, 23 Jun 2016 00:00:00 +0530 Tue, 06 Feb 2024 23:10:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312195 The ITAT Delhi allowed the Revenue's appeal concerning the disallowance of Rs. 75,65,000 related to an Employees' Stock Option Plan for AY 2010-11. The Tribunal set aside the CIT(A)'s order, referencing the Biocon Ltd. case, which established that ESOP discounts are deductible as ascertained liabilities. The matter was remanded to the AO for reassessment consistent with this precedent, emphasizing the deductibility of ESOP expenses and ensuring adherence to established legal principles. The appeal was allowed for statistical purposes, reinforcing the treatment of ESOP expenses as deductible. Case-Laws Income Tax Thu, 23 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312195