ITAT allows Deduction of ESOP expenses claimed within the time limit prescribed u/s 139(5) of Income Tax Act [Read Order]

ITAT - ITAT Delhi - Income Tax - Deduction - ESOP - TAXSCAN

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) allowed deduction of Employees Stock Option Plan ( ESOP ) claimed within the time limit prescribed under Section 139(5) of the Income Tax Act, 1961. The Assessee, Fortune Park Hotels Limited filed original return of income declaring total income of Rs.9,42,13,670/-. Thereafter the  return was…

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