ESOP is Revenue Expenditure: ITAT Deletes Disallowance Against Cleartrip [Read Order]

ESOP is Revenue Expenditure - ITAT Deletes Disallowance Against Cleartrip - TAXSCAN

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the Employee Stock Option Expenses (ESOP) is revenue in nature, thus deleted the disallowance employee stock option expenses claimed of ₹ 6,065,232. The assessee Cleartrip Private Limited is a company engaged in the business of travel agency and providing travel related services through its…

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