https://www.taxtmi.com/caselaws?id=793737 Employee stock option discount was treated as employee remuneration and an ascertained business liability accrued over the vesting period, so the deduction was allowable as business expenditure and the disallowance was deleted. Disallowance for exempt-income related expenditure was also held unsustainable where no exempt income arose during the year, and the later amendment was treated as prospective from assessment year 2022-23, so it did not apply to the year under review. The Revenue's appeals were rejected and the relief granted by the first appellate authority was sustained on both issues. en-us Fri, 29 May 2026 00:00:00 +0530 Mon, 22 Jun 2026 11:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793737 Employee stock option discount was treated as employee remuneration and an ascertained business liability accrued over the vesting period, so the deduction was allowable as business expenditure and the disallowance was deleted. Disallowance for exempt-income related expenditure was also held unsustainable where no exempt income arose during the year, and the later amendment was treated as prospective from assessment year 2022-23, so it did not apply to the year under review. The Revenue's appeals were rejected and the relief granted by the first appellate authority was sustained on both issues. Case-Laws Income Tax Fri, 29 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793737