https://www.taxtmi.com/caselaws?id=449301 ITAT Delhi upheld CIT(A)'s decision allowing ESOP compensation as revenue expenditure under section 37(1), following previous tribunal rulings and HC precedents. The tribunal restricted section 14A disallowance to investments actually yielding tax-exempt income during the year. ROC fees for bonus share issuance were deemed revenue expenditure per SC ruling in General Insurance Corporation case. Legal professional expenses for trademark matters were allowed as revenue expenditure, not creating enduring benefits. Addition for stale cheques was deleted as assessee followed consistent three-year recognition policy with subsequent utilization demonstrated. en-us Thu, 21 Dec 2023 00:00:00 +0530 Thu, 08 Feb 2024 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449301 ITAT Delhi upheld CIT(A)'s decision allowing ESOP compensation as revenue expenditure under section 37(1), following previous tribunal rulings and HC precedents. The tribunal restricted section 14A disallowance to investments actually yielding tax-exempt income during the year. ROC fees for bonus share issuance were deemed revenue expenditure per SC ruling in General Insurance Corporation case. Legal professional expenses for trademark matters were allowed as revenue expenditure, not creating enduring benefits. Addition for stale cheques was deleted as assessee followed consistent three-year recognition policy with subsequent utilization demonstrated. Case-Laws Income Tax Thu, 21 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449301