ITA NO. 4232/Del/2024

Parties Involved

Facts Summary

The Revenue has filed an appeal against the Order of the Ld. CIT(A)/NFAC, New Delhi dated 16.07.2024, relating to assessment year 2018-19. The ground raised in the Revenue’s appeal is that the Ld. CIT(A) has erred in deleting the addition on account of disallowance of ESOP expenses of Rs. 1,60,65,253/- under section 37 of the Act without appreciating the facts. The tax effect involved in this appeal is Rs. 55,60,184/-, which is below the prescribed limit of Rs. 60 lacs, as stipulated in CBDT Circular No.09/2024 dated 17.09.2024.…

Legal Issues

• 1. Whether the Ld. CIT(A) has erred in deleting the addition on account of disallowance of ESOP expenses.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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