https://www.taxtmi.com/caselaws?id=753493 ITAT Delhi upheld CIT(A)'s decision allowing ESOP expenses under section 37(1) as deductible business expenditure. The AO had disallowed these expenses considering them notional and contingent. The assessee, a private limited company providing real estate consultancy services, had incurred ESOP expenses cross-charged by its parent company. ITAT followed established precedents from Karnataka HC and Delhi HC in similar cases, confirming that actually incurred ESOP expenses are allowable deductions. The Revenue's appeal was dismissed. en-us Fri, 31 May 2024 00:00:00 +0530 Tue, 04 Jun 2024 08:04:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753493 ITAT Delhi upheld CIT(A)'s decision allowing ESOP expenses under section 37(1) as deductible business expenditure. The AO had disallowed these expenses considering them notional and contingent. The assessee, a private limited company providing real estate consultancy services, had incurred ESOP expenses cross-charged by its parent company. ITAT followed established precedents from Karnataka HC and Delhi HC in similar cases, confirming that actually incurred ESOP expenses are allowable deductions. The Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 31 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753493