https://www.taxtmi.com/caselaws?id=794401 Prior period expenses may be allowed where the liability is shown to have crystallised in the relevant year, but the claim can be sent back for verification of supporting evidence. ESOP discount expenditure is treated as business expenditure when recognised over the vesting period and incurred as employee remuneration, supporting deduction under section 37(1). In demerger cases, carry forward and set off of accumulated business loss and unabsorbed depreciation depend on strict compliance with the statutory condition that the resulting company issue shares to the demerged company's shareholders; that benefit is denied if the condition is not met. Deferred income addition may be deleted where an earlier Tribunal view in the assessee's own case remains undisturbed. en-us Thu, 25 Jun 2026 00:00:00 +0530 Sat, 04 Jul 2026 08:15:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794401 Prior period expenses may be allowed where the liability is shown to have crystallised in the relevant year, but the claim can be sent back for verification of supporting evidence. ESOP discount expenditure is treated as business expenditure when recognised over the vesting period and incurred as employee remuneration, supporting deduction under section 37(1). In demerger cases, carry forward and set off of accumulated business loss and unabsorbed depreciation depend on strict compliance with the statutory condition that the resulting company issue shares to the demerged company's shareholders; that benefit is denied if the condition is not met. Deferred income addition may be deleted where an earlier Tribunal view in the assessee's own case remains undisturbed. Case-Laws Income Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794401