Claimed ESOP Expenditure Allowable Under Section 37(1) Rendering Section 263 Revision Order Invalid
Claimed ESOP Expenditure Allowable Under Section 37(1) Rendering Section 263 Revision Order Invalid Issue Whether Section 17(2)(vi), which governs employee perquisite taxation, dictates the character or allowability of employee stock option (ESOP) compensation expenditure claimed by an employer under Section 37(1). Whether the Principal Commissioner of Income Tax (PCIT) can assume revisionary jurisdiction under Section… Read More »