ESOP price difference between Exercise Price and Market Price are allowable Deduction: ITAT rules in favour of Mahindra [Read Order]

ESOP - difference - between - Exercise - Price - Market - Price - Deduction - ITAT - Mahindra - TAXSCAN

In a significant ruling in favour of Mahindra, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the ESOP price difference between the exercise price and the market price isan allowable deduction. Shri H.P. Mahajaniand MsBabita Singh appeared on behalf of the assessee and MsVatsala Jha appeared for the revenue. Mahindra…

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