2025 (1) TMI 1830

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....PER OMKARESHWAR CHIDARA (AM) :- The only dispute to be resolved in the above captioned appeal is whether respondent company's claim under "ESOP Scheme" is of capital or revenue expenditure. Following ground of appeal was taken by the Revenue in this case :- Whether on the facts and circumstances of the case and in law, the Ld. CIT (A) right in allowing the expenses incurred on "ESOP Sc....

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....ending. 4. After perusing the ITAT orders of the Coordinate Bench in appellant's own case, it observed that the appellant company is entitled to claim ESOP expenses are allowable expenses under section 37(1) of the Income Tax Act. As the facts and circumstances are similar, the decision of the Coordinate Bench in appellant's own case is followed. In ITA No. 1738 & 1739/Mum/2023 for A.Y. 20....