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 ag

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