Expenditure towards Issue of ESOP at Discounted Rate Allowable as Income Tax Deduction: ITAT [Read Order]

ESOP - Income Tax Deduction - ITAT - taxscan

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has allowed income tax deduction in respect of the expenditure towards the issue of ESOP to the employees at discount rates. The assessee, M/s. TE Connectivity Services India Private Limited had incurred expense by way of payment to its parent company which has in-turn issued…

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