ESOP Costs Allowed as Business Expense Under Section 37(1): ITAT Delhi

DCIT Vs FIS Global Business Solutions India Private Limited (ITAT Delhi) ESOP Expenditure Allowable u/s 37(1) and CSR Donations Eligible for Section 80G: ITAT Delhi Dismisses Revenue Appeal The Delhi Bench of the ITAT dismissed the Revenue’s appeal and upheld the order of the CIT(A) granting relief to the assessee on two significant issues for AY 2020-21—allowability of ESOP expenditure under section 37(1) and deduction under section 80G in respect of donations made as part of Corporate Social Responsibility (CSR). On the issue of ESOP expenditure, the Tribunal noted that the matter was sq...