Employee Stock Option Expense Disallowance Unsustainable as it is revenue in nature

DCIT Vs Cleartrip Private Limited (ITAT Mumbai) ITAT Mumbai held that disallowance of employee stock option expenses alleging it to be capital expenditure is unsustainable in law in as much as such expenditure are revenue in nature and hence allowable. Facts- Revenue has preferred the present appeal contesting against deletion of the addition made by AO on account of Share issue receipt of ₹33,33,15,000/- received by Assessee from its Holding Company Cleartrip Inc. Mauritius. Addition is made by AO based on past assessment years and deleted by CIT(A) based on past years appellate orders. Whe...