Expenditure of ESOP is revenue expenditure

TE Connectivity Services India Private Limited Vs National Faceless Assessment Centre (ITAT Bangalore)

ITAT Bangalore held that the expenditure on account of ESOP is a revenue expenditure and had to be allowed as deduction while computing income.

Facts-

The assessee floated a share option plan scheme for its executives and senior employees. These options are given by the ultimate holding company i.e., TE Connectivity Limited, Switzerland

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