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2018 (3) TMI 1529 - HC - Income TaxNature of expenses - discount given in respect of the SAR (Stock Appreciation Rights) – similar to Employee Stock Option (ESO) offered by the employer to the work force - revenue or capital - Held that:- In PVP Ventures Ltd.case [2012 (7) TMI 696 - MADRAS HIGH COURT] held the assessee had to follow SEBI direction and by following such direction, the assessee claimed the ascertained amount as liability for deduction - the expenditure on issue of shares under the Employees Stock Option could be allowed as staff welfare expenditure - Decided in favour of assessee.
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