ITAT directs Re-adjudication in regarding of Disallowance of Deduction of Discount on issue of Shares under ESOP [Read Order]

ITAT - Readjudication - ITAT directs Readjudication - Disallowance of Deduction - Disallowance - Deduction - issue of Shares - ESOP - taxscan

The Income Tax Appellate Tribunal (ITAT) Delhi Bench directs readjudication in regarding the disallowance of the deduction of discount on the issue of shares under Employee Stock Option Plan (ESOP). The assessee, Yes Bank Ltd return was revised and declared total income of Rs 22,75,02,02,660/- Thereafter assessee case was selected for scrutiny. Finally, the AO…

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