Dismissing the appeal of the revenue the Court held that, expenditure incurred on allotment of shares under Employee Stock option Plan (ESOP) is held to be allowable as business expenditure. (AY. 2008-09)
PCIT v. Lemon Tree Hotels (P.) Ltd. (2019) 104 taxmann.com 26 / 262 Taxman 312 (Delhi) (HC) Editorial: SLP is granted to the revenue, PCIT v. Lemon Tree Hotels (P.) Ltd. (2019) 262 Taxman 311 (SC)
S. 37(1) : Business expenditure-Employee Stock option Plan (ESOP)-Expenditure incurred on allotment of shares under Employee Stock option Plan (ESOP) is held to be allowable as business expenditure.