https://www.taxtmi.com/caselaws?id=773101 ITAT Mumbai allowed assessee's appeal on multiple grounds. ESOP expenses were permitted as deduction under section 37(1) following precedent decisions, not treating them as contingent or notional. BSE and NSE charges for non-confirmation of clearing house trades and client code modification were allowed based on prior relief granted in assessee's own case and Bombay HC decision. SEBI settlement charges were permitted as business expenditure following consistent Mumbai Tribunal decisions that settlement fees for technical violations without guilt admission are allowable. Gratuity payment disallowance was remanded to AO for verification and appropriate relief subject to assessee providing required details. en-us Tue, 03 Jun 2025 00:00:00 +0530 Wed, 18 Jun 2025 09:04:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773101 ITAT Mumbai allowed assessee's appeal on multiple grounds. ESOP expenses were permitted as deduction under section 37(1) following precedent decisions, not treating them as contingent or notional. BSE and NSE charges for non-confirmation of clearing house trades and client code modification were allowed based on prior relief granted in assessee's own case and Bombay HC decision. SEBI settlement charges were permitted as business expenditure following consistent Mumbai Tribunal decisions that settlement fees for technical violations without guilt admission are allowable. Gratuity payment disallowance was remanded to AO for verification and appropriate relief subject to assessee providing required details. Case-Laws Income Tax Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773101