ESOP Cost Allowable Business Expenditure: ITAT Deletes ₹93 Lakh Disallowance

TSI Yatra Private Limited Vs DCIT (ITAT Delhi) ESOP Cost Is Allowable Business Expenditure: ITAT Applies Lemon Tree Ruling and Deletes ₹93 Lakh Disallowance The Delhi ITAT partly allowed the assessee’s appeal and deleted the disallowance of ₹93 lakh made towards ESOP expenses claimed under Section 37(1). The Assessing Officer and the CIT(A) had denied the claim on the ground that the issue was sub-judice before the Supreme Court in view of the pending SLP against the Delhi High Court judgment in Lemon Tree Hotels Ltd.. The Tribunal held that mere pendency of an SLP does not dilute the bi...