Tuesday, October 26, 2021

SC issued notice in SLP filed against HC’s ruling that discount on issue of ESOP was an allowable deduction

INCOME TAX : Notice issued in SLP filed against order of High Court that discount on issue of ESOP was an allowable deduction under section 37(1) as same was to be treated as remuneration to employees for their continuity of service

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000316372/sc-issued-notice-in-slp-filed-against-hc’s-ruling-that-discount-on-issue-of-esop-was-an-allowable-deduction.aspx

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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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