https://www.taxtmi.com/caselaws?id=789051 ESOP expenditure was held allowable as business expenditure under section 37(1) because the same issue had already been decided in the assessee's own case for earlier years and that view had been affirmed by the jurisdictional HC. The Tribunal held that the disallowance could not be sustained merely because the Revenue had carried a similar issue to the Supreme Court in another matter. The deduction therefore succeeded. en-us Mon, 30 Mar 2026 00:00:00 +0530 Thu, 02 Apr 2026 08:50:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789051 ESOP expenditure was held allowable as business expenditure under section 37(1) because the same issue had already been decided in the assessee's own case for earlier years and that view had been affirmed by the jurisdictional HC. The Tribunal held that the disallowance could not be sustained merely because the Revenue had carried a similar issue to the Supreme Court in another matter. The deduction therefore succeeded. Case-Laws Income Tax Mon, 30 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789051