Following the Tribunal order of earlier year addition is deleted. As regards employees stock option, Tribunal held the preceding years, as the Tribunal had restored the matter to the Assessing Officer for fresh adjudication, in the same lines, the matter was to be once again remitted to the Assessing Officer for re adjudication. AY. 2018-19)
Axis Bank Ltd. v. Asst. CIT (2024)112 ITR 28 (Ahd)(Trib)
S.37(1): Business expenditure-Prior-period expenses-Annual technical service fees-Addition is not justified-Employees Stock option plan-Matter remanded to the file of the Assessing Officer.
[S. 145]