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2018 (3) TMI 1957 - AT - Income TaxDisallowing deduction in respect of Employee Stock Option Plan (‘ESOP’) scheme - HELD THAT:- Respectfully following the order of the Hon’ble Delhi High Court in Lemon Tree Hotels Ltd [2014 (7) TMI 165 - ITAT DELHI] and Biocon Ltd. [2013 (8) TMI 629 - ITAT BANGALORE] we set aside the order of the Ld. CIT(A) on this issue and direct the Assessing Officer to allow claim of ESOP expenses. Depreciation on intangible assets - non-refundable deposit paid to IRCTC - HELD THAT:- Ends of justice would be met by directing the Assessing Officer to allow depreciation @25% as directed by the Ld. CIT(A).
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