https://www.taxtmi.com/caselaws?id=467743 Discount on employee stock options, being the difference between grant price and market price on the date of grant, is allowable as a business deduction under Section 37(1) because the provision covers expenditure incurred wholly and exclusively for business purposes and does not require an actual cash outflow. The deduction is also consistent with accounting recognition over the vesting period under the applicable employee stock option guidelines. The challenge to deductibility therefore fails. en-us Fri, 17 Jan 2025 00:00:00 +0530 Tue, 31 Mar 2026 19:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467743 Discount on employee stock options, being the difference between grant price and market price on the date of grant, is allowable as a business deduction under Section 37(1) because the provision covers expenditure incurred wholly and exclusively for business purposes and does not require an actual cash outflow. The deduction is also consistent with accounting recognition over the vesting period under the applicable employee stock option guidelines. The challenge to deductibility therefore fails. Case-Laws Income Tax Fri, 17 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467743