ESOP Expenses Eligible for Deduction u/s 37 of Income Tax Act: ITAT [Read Order]

By Fidha Lulu K G - On May 15, 2023 5:00 pm - 2 mins read

ESOP Expenses - Expenses - ESOP - Deduction - ESOP Expenses Eligible for Deduction - Income Tax Act - Income Tax - taxscan

The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) recently ruled that the expenditure towards the Employees Stock Option Plan (ESOP) is eligible for deduction under Section 37 of Income Tax Act 1961. The assessee M/s. Northern Operating Services Private Limited is a company engaged in the business of providing transaction based business process outsourcing…

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