Monday, April 8, 2019

SLP granted against HC's order allowing expenses incurred on allotment of shares under ESOP as business expenses

IT: Where High Court upheld Tribunal's order allowing assessee's claim for expenditure incurred on allotment of shares under Employee Stock option Plan (ESOP), SLP filed against order of High Court was to be granted

from www.taxmann.com Latest Case Laws http://bit.ly/2WU2ceq

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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