Difference b/w Market & Offer Price of ESOP is deductible expenditure

IN THE ITAT CHANDIGARH BENCH ‘A’ Additional Commissioner of Income-tax, Circle 1(1) V/s. Spray Engineering Devices Ltd. IT APPEAL NOs. 646 & 701 (CHD.) OF 2009 and 1021 (CHD.) OF 2011 [ASSESSMENT YEARs 2006-07 and 2008-09] JUNE 22, 2012 ORDER Ms. Sushma Chowla, Judicial Member Out of three appeals, the cross appeals by the Revenue and the assessee are against the order of CIT(A), Chandigarh dated 1.4.2009 relating to assessment year 2006-07 against the order passed under section 143(3) of the I.T. Act, 1961. The assessee has filed appeal against the order of CI...