https://www.taxtmi.com/caselaws?id=795606 Processing of returns under section 143(1) may continue after a scrutiny notice under section 143(2) for assessment years from 2017-18 onward, provided statutory timelines are met. A subsequent assessment under section 143(3) merges with the earlier intimation only for matters actually examined and decided in scrutiny; unexamined CPC adjustments remain independently operative and challengeable. ESOP reimbursements paid by an Indian subsidiary to its foreign parent for options exercised by employees are characterised as revenue employee-compensation expenditure where the parent issues the shares and the payment creates no capital asset or enduring advantage for the subsidiary. en-us Fri, 17 Jul 2026 00:00:00 +0530 Fri, 24 Jul 2026 08:36:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795606 Processing of returns under section 143(1) may continue after a scrutiny notice under section 143(2) for assessment years from 2017-18 onward, provided statutory timelines are met. A subsequent assessment under section 143(3) merges with the earlier intimation only for matters actually examined and decided in scrutiny; unexamined CPC adjustments remain independently operative and challengeable. ESOP reimbursements paid by an Indian subsidiary to its foreign parent for options exercised by employees are characterised as revenue employee-compensation expenditure where the parent issues the shares and the payment creates no capital asset or enduring advantage for the subsidiary. Case-Laws Income Tax Fri, 17 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795606