https://www.taxtmi.com/highlights?id=94092 The ITAT allowed the ESOP expenditure deduction, observing it represents the FMV-issue price differential and noting compliance with SEBI guidelines and binding coordinate-bench precedent, thereby reversing the AO's disallowance. The Tribunal restored the long-term capital gain/loss issue arising from sale of land to the file of the Ld. CIT(A) for fresh adjudication, directing the AO/CIT(A) to obtain the collector/circle rate as at the relevant date and afford both parties opportunity to adduce evidence. Additions on account of deferred income/time-share revenue were disallowed in view of the assessee's consistent revenue recognition policy deferring 55% and treating 45% as current income, in line with earlier Tribunal findings. en-us Wed, 12 Nov 2025 08:17:49 +0530 Wed, 12 Nov 2025 08:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94092 The ITAT allowed the ESOP expenditure deduction, observing it represents the FMV-issue price differential and noting compliance with SEBI guidelines and binding coordinate-bench precedent, thereby reversing the AO's disallowance. The Tribunal restored the long-term capital gain/loss issue arising from sale of land to the file of the Ld. CIT(A) for fresh adjudication, directing the AO/CIT(A) to obtain the collector/circle rate as at the relevant date and afford both parties opportunity to adduce evidence. Additions on account of deferred income/time-share revenue were disallowed in view of the assessee's consistent revenue recognition policy deferring 55% and treating 45% as current income, in line with earlier Tribunal findings. Highlights Income Tax Wed, 12 Nov 2025 08:17:49 +0530 https://www.taxtmi.com/highlights?id=94092