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Delhi HC Rejects ESOP Disallowance as Share Allotment Reflects Commercial Reality
Case Law Details
- Case Name
- PCIT Vs Lemon Tree Hotels Private Limited (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2008-09
- Courts
- All High Courts, Delhi High Court
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PCIT Vs Lemon Tree Hotels Private Limited (Delhi High Court)
The Delhi High Court dismissed the Revenue’s appeal, holding that no substantial question of law arose on either of the two issues raised. The first issue concerned the allowability of expenditure claimed towards the Employee Stock Ownership Plan (ESOP). The Court noted that the same issue had already been decided in favour of the assessee in earlier assessment years. For Assessment Year 2008-09, in Commissioner of Income Tax v. Lemon Tree Hotel Ltd., the Court had upheld the ITAT’s decision, which followed the j...
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