2014 (3) TMI 1127 - SCH - Income Tax

Difference between the market price and the employees stock option plan - revenue expenditure allowable under Section 37(1) - Held that - In view of the fact that the Revenue had not challenged the order passed by the Tribunal the High Court has rightly rejected the revision 2012 (7) TMI 696 - MADRAS HIGH COURT

Summary

The Supreme Court in 2014 dismissed a special leave petition as the Revenue did not challenge the Tribunal's order, leading to the High Court rejecting the revision.