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

Expenditure - ESOP - Income Tax - Income Tax Act - ITAT - taxscan

The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that the expenditure towards “Erroneous disallowance of Payment of Employee Stock Option Plan (ESOP) would be eligible for deduction under Section 37 of the Income Tax Act1961. The assessee Northern Operating Services Pvt. Ltd. is a company engaged in the business of providing back-office…

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