Case Law Details
DCIT Vs M/s. Info Edge India Ltd. (ITAT Delhi)
From the order of ld. CIT(A), it is clear that the ld. CIT(A) has relied on various decisions and has per the decisions relied by the ld. CIT(A), the ESOP has been treated as Revenue expenditure. The Revenue did not bring any contrary decision against the Special Bench decision in case of Biocon Ltd. (supra). It is not the case of Revenue that the decision of Special Bench of ITAT has been either set aside or reversed by Hon’ble Karnataka High Court. Keeping all these facts in view, we find that the ld. CIT(A) has rightly decided the issue in favour of the assessee with certain directions to the AO. For want of any contrary material on record, we do not find any infirmity in the order of the ld. CIT(A) on this count.
FULL TEXT OF THE ITAT JUDGEMENT
This is an appeal filed by the Revenue against the order dated 3 1.03.2015 of ld. CIT(A)-4, New Delhi for the assessment year 20 11-12 on the following grounds :
“1. On the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in deleting the addition made by A.O. on account of disallowance of Employee stock option scheme Compensation of Rs. 1,76,67,000/-.
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