https://www.taxtmi.com/caselaws?id=312215 ITAT Delhi allowed assessee's claim for Employee Stock Option Scheme compensation as revenue expenditure, following previous decisions in assessee's own case and PVP Ventures Ltd. The AO's disallowance under section 37(1) was overturned by CIT(A), who correctly treated it as ascertained liability rather than capital loss. Regarding section 14A disallowance, ITAT upheld CIT(A)'s restriction to investments earning exempt income during the year, following ACB India Ltd precedent. Revenue's appeal dismissed on both grounds. en-us Wed, 08 Jan 2020 00:00:00 +0530 Wed, 07 Feb 2024 10:02:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312215 ITAT Delhi allowed assessee's claim for Employee Stock Option Scheme compensation as revenue expenditure, following previous decisions in assessee's own case and PVP Ventures Ltd. The AO's disallowance under section 37(1) was overturned by CIT(A), who correctly treated it as ascertained liability rather than capital loss. Regarding section 14A disallowance, ITAT upheld CIT(A)'s restriction to investments earning exempt income during the year, following ACB India Ltd precedent. Revenue's appeal dismissed on both grounds. Case-Laws Income Tax Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312215