TMI BlogDisallowance with respect to expenditure on ESOP u/s 37 - the expenditure in question is wholly and...Disallowance with respect to expenditure on ESOP u/s 37 - the expenditure in question is wholly and exclusively for the purpose of the business of the assessee and the fact that the parent company is also benefited by reason of a motivated work force would be no ground to deny the claim of the assessee for deduction, which otherwise satisfies all the conditions referred to in section 37(1) - claim allowed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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