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2021 (10) TMI 917 - HC - Income TaxDisallowance of ESOP expenses u/s 37(1) - it is not a revenue expenditure actually incurred by the company, as per the provisions of the Act - ITAT allowed - HELD THAT:- Commissioner followed the decision of the Bangalore Special Bench in the case of BIOCON LIMITED & OTHERS .v. DCIT & OTHERS [2013 (8) TMI 629 - ITAT BANGALORE] and allowed the appeal of the assessee.
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