https://www.taxtmi.com/caselaws?id=792339 Claims for employee benefit expense and ESOP-related expenditure were remitted for fresh examination because the factual record was not properly verified, although ESOP discount is recognised as employee compensation and an allowable expense if supported by proper valuation and primary evidence. The loss on sale of investment in a subsidiary was also sent back for de novo scrutiny, as commercial expediency and the evidentiary basis of the claim were not adequately examined and the Assessing Officer had not been given due opportunity to consider additional material. The share premium addition was sustained because the assessee failed to produce valuation support or otherwise discharge the statutory onus to justify issue of shares at premium. en-us Wed, 29 Apr 2026 00:00:00 +0530 Tue, 26 May 2026 13:20:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792339 Claims for employee benefit expense and ESOP-related expenditure were remitted for fresh examination because the factual record was not properly verified, although ESOP discount is recognised as employee compensation and an allowable expense if supported by proper valuation and primary evidence. The loss on sale of investment in a subsidiary was also sent back for de novo scrutiny, as commercial expediency and the evidentiary basis of the claim were not adequately examined and the Assessing Officer had not been given due opportunity to consider additional material. The share premium addition was sustained because the assessee failed to produce valuation support or otherwise discharge the statutory onus to justify issue of shares at premium. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792339