2015 (7) TMI 1412

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....t of the order passed by the CIT(A) on 30.9.2011 in relation to the assessment year 2007-08. 2. The only issue raised in this appeal is against the confirmation of disallowance of Rs.3,04,04,500/- made by the AO on account of Employee Stock Option Plan (ESOP) expenses. 3. We have heard the rival submissions and perused the relevant material on record. At the outset, we find that similar issue ca....

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....ction of the discounted premium during the years of vesting should be allowed on straight line basis. Then, dealing with the subsequent adjustment to discount, the Special Bench laid down that any adjustment to income is called for at the time of exercise of option by the amount of difference in the amount of discount calculated with reference to the market price at the time of grant of option and....