https://www.taxtmi.com/caselaws?id=468299 ESOP discount treated as employee compensation is deductible as business expenditure under section 37(1) and is not capital merely because it arises from share issuance. The deduction, however, must be correctly quantified by apportioning the discount over the vesting period with reference to the options granted and the relevant perquisite value. The appellate view followed earlier year and coordinate bench reasoning, and the Assessing Officer was directed to make the arithmetical apportionment and allow the deduction accordingly. en-us Mon, 30 Dec 2024 00:00:00 +0530 Sat, 25 Apr 2026 12:31:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468299 ESOP discount treated as employee compensation is deductible as business expenditure under section 37(1) and is not capital merely because it arises from share issuance. The deduction, however, must be correctly quantified by apportioning the discount over the vesting period with reference to the options granted and the relevant perquisite value. The appellate view followed earlier year and coordinate bench reasoning, and the Assessing Officer was directed to make the arithmetical apportionment and allow the deduction accordingly. Case-Laws Income Tax Mon, 30 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468299