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 (“TEL”), to the employees of assessee. The stock option plan granted to the employees during the current period is Restrictive Stock Options (“RSU”), ...