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2019 (3) TMI 1862 - AT - Income TaxDisallowance of stock appreciation right - Disallowance on account of the difference between purchase price of Stock Appreciation Right (‘SAR’) and the sale price of such SAR at the time of its exercise by the employees of the appellant holding the same to be capital loss not allowable business deduction - HELD THAT:- As decided in own case [2017 (10) TMI 589 - ITAT DELHI] difference between the sale price of the share and the purchase price of the share was claimed by the assessee as deduction as employee compensation. In the identical circumstances. With respect to one of the group companies, Religare commodities Ltd for assessment year 2008-09 identical issue arose before the coordinate bench [2017 (1) TMI 783 - ITAT DELHI] claim of the assessee with respect to both the above items were allowed. The above expenditure on account of employee stock option scheme is an ascertained liability for deduction - the expenses debited is cost of employee stock option plan in the profit and loss account is an allowable expenditure. - Decided in favour of assessee.
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