Tribunal held that CIT(A) failed to consider various contentions raised by the assessee that ESOP expenditure was a revenue expenditure in the hands of assessee-employer and no reasons were forthcoming for invoking provisions of Section 17(2)(vi)(c), mater was remanded to CIT(A) for reconsideration. (AY. 2017-18)
Nuvama Wealth and Investment Ltd. v ACIT [2023] 201 ITD 242 (Hyd)(Trib)
S. 37(1) : Business expenditure- Equity Stock Option Plan-ESOP expenses-Failure to consider the submissions-Matter remanded.[S. 17(2)(vi(c),192]