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2021 (8) TMI 1322 - SC ORDERDiscount on issue of ESOP - allowable deduction in computing the income under the head profits and gains of the business or not? - as per HC assessee has incurred a definite legal liability and on following the mercantile system of accounting, the discount on ESOPs has rightly been debited as expenditure in the books of accounts - HELD THAT:- Issue notice.
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