ESOP Expenditure Incurred towards Raising Share Capital is Allowable as Revenue Expenditure: ITAT [Read Order]

ESOP - ESOP Expenditure - Share Capital - Capital - ESOP Expenditure Incurred towards Raising Share Capital - Revenue - Revenue Expenditure - ITAT - taxscan

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that the Employees Stock Ownership Plan (ESOP) expenditure incurred towards raising of share capital was allowable as revenue expenditure. The assessee-company, Dhani Services Ltd was a stock broker of National Stock Exchange and Bombay Stock Exchange had claimed ESOP expenditure. While computing the total…

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