ESOP expenditure is allowable under section 37(1) of Income Tax Act

ACIT Vs Cvent India Pvt. Ltd. (ITAT Delhi)

ITAT Delhi held that ESOP (Employees Stock Option) expense is allowable expense under section 37(1) of the Income Tax Act in computing the income in profit and loss of business or profession.

Facts- During the course of assessment proceedings, AO noticed that assessee had claimed Employee Stock Option (ESOPs) expense of Rs.4,45,31,251/-. The assessee was asked to justify the claim of the expenditure. Assessee in response furnished detailed submissions but the

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