Relief to HP: ITAT allows Deduction on ESOP Cross Charges paid to Overseas Ultimate Holding Company, allowable as Expenditure [Read Order]

By Taxscan Team - On November 18, 2022 11:43 am - 2 mins read
HP - ITAT - Deduction - ESOP - Company - Expenditure - taxscan

While granting relief to M/s. Hewlett Packard (India) Software Operation Pvt Ltd (HP) the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT), held that Employee Stock Option Plan (ESOP)paid to Overseas Ultimate Holding Company are allowable as expenditure. The appellant company, M/s. Hewlett Packard (India) Software Operation Pvt Ltd is engaged in providing Application…

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