Employees ESOP Compensation Expenses allowable as the expense incurred to Retain Talent / Staff for Benefit of Company: ITAT [Read Order]
The ITAT viewed that When the expenses are incurred to retain the talent/staff for the benefit of the company, such expenses are allowable as business expenditures
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the Employee’s ESOP compensation expense can be allowable as business expenditure as it was used to retain the talent /staff for the benefit of the company. Bhartiya International Ltd, the assessee challenged the final assessment order dated 29.07.2022 passed under Section 143(3) r.w….
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