TP adjustment deleted as ALP of ESOP expenses cannot be taken as NIL

Booking. Com India Support & Marketing Services Pvt Ltd Vs DCIT (ITAT Mumbai) ITAT Mumbai held that TP adjustment in respect of international transaction of reimbursement of Employee Stock Option Plan (ESOP) Expenses deleted as Arm’s Length Price (ALP) of ESOP expenses cannot be taken as NIL. Facts- The case of the Appellant was selected for scrutiny and notice u/s. 143(2) of the Act was issued to the Appellant. During the assessment proceedings AO noted that the Appellant had entered into International Transactions with its Associated Enterprises (AEs) during the relevant previous year ...