https://www.taxtmi.com/caselaws?id=462368 ITAT Mumbai allowed the assessee's appeal on ESOP expenses deduction, following its earlier precedent in Goldman Sachs case. The tribunal remanded issues regarding expenditure disallowance, gratuity payment, and CSR deduction claims to AO for fresh examination with proper verification. Leave encashment deduction under section 43B(f) was allowed as payment was made before due date. However, late payment of employees' PF contribution was disallowed following Supreme Court precedent in Checkmate Services. Interest under section 234C was directed to be computed on returned income rather than assessed income. en-us Mon, 09 Dec 2024 00:00:00 +0530 Mon, 16 Jun 2025 19:09:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462368 ITAT Mumbai allowed the assessee's appeal on ESOP expenses deduction, following its earlier precedent in Goldman Sachs case. The tribunal remanded issues regarding expenditure disallowance, gratuity payment, and CSR deduction claims to AO for fresh examination with proper verification. Leave encashment deduction under section 43B(f) was allowed as payment was made before due date. However, late payment of employees' PF contribution was disallowed following Supreme Court precedent in Checkmate Services. Interest under section 234C was directed to be computed on returned income rather than assessed income. Case-Laws Income Tax Mon, 09 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462368