https://www.taxtmi.com/caselaws?id=786005 Expenses incurred in connection with employee stock option plans were held to be allowable as business expenditure under the business expense provision, the tribunal applying High Court precedents that permitted charging ESOP costs to the profit and loss account; consequence: the claim for deduction is allowed. The tribunal rejected the view that a pending special leave petition alone negates the High Court decisions, noting that admissions of SLPs do not overturn existing High Court authority, and therefore followed the precedents in favour of the assessee. en-us Fri, 16 Jan 2026 00:00:00 +0530 Wed, 04 Feb 2026 08:24:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786005 Expenses incurred in connection with employee stock option plans were held to be allowable as business expenditure under the business expense provision, the tribunal applying High Court precedents that permitted charging ESOP costs to the profit and loss account; consequence: the claim for deduction is allowed. The tribunal rejected the view that a pending special leave petition alone negates the High Court decisions, noting that admissions of SLPs do not overturn existing High Court authority, and therefore followed the precedents in favour of the assessee. Case-Laws Income Tax Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786005