2013 (4) TMI 987 - HC - Income Tax

Summary

The Delhi High Court heard a case regarding the tax treatment of stock options offered to employees. The court admitted the case and considered whether the price difference of stock options granted under ESOP and ESPS schemes could be claimed as allowable revenue expenditure under Section 37(1) of the Income Tax Act, 1961. The court dispensed with the printing of paper books and tagged the case with ITA No. 1898/2010 (Ranbaxy Laboratories Ltd. Vs. CIT).