ESOP Expenses and CSR Donations Are Tax Deductible: ITAT Mumbai

DCIT Vs Motilal Oswal Securities Ltd (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai, has delivered a comprehensive ruling in the case of Deputy Commissioner of Income Tax (DCIT) vs. Motilal Oswal Securities Ltd., addressing two key issues related to corporate taxation: the allowability of Employee Stock Option Plan (ESOP) expenses and the deduction for Corporate Social Responsibility (CSR) contributions under Section 80G of the Income Tax Act, 1961. The tribunal’s order, dated August 18, 2023, for the assessment years 2017-18 and 2018-19, dismissed the appeals filed by the ...