DCIT, Circle 7 (1) vs. FIS Global Business Solutions India Delhi. Pvt. Limited
Case No: ITA No.2405/Del/2025
Court: Income Tax Appellate Tribunal, Delhi Benches ‘A’
Date: 1/21/2026
Parties Involved
appellantDCIT, Circle 7 (1)
respondentFIS Global Business Solutions India Delhi. Pvt. Limited
Facts Summary
The assessee company, FIS Global Business Solutions India Delhi. Pvt. Limited, filed its return of income for the Assessment Year 2016-17 declaring a total income of Rs.1,49,38,61,840/-. The case was selected for Complete Scrutiny due to various discrepancies and large deductions claimed. The company is engaged in providing Software Development and IT Enabled Services. During the assessment, the Assessing Officer disallowed a deduction of Rs.5,12,06,383/- claimed under the Employees Stock Option…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the deduction of Rs.5,12,06,383/- claimed under the Employees Stock Option Plan (ESOP) should be disallowed.
Precedents Relied Upon
2 precedents cited in this judgement.