2017 (12) TMI 1581

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..... s. PVP Ventures Ltd. [2012 (7) TMI 696 - MADRAS HIGH COURT] and dismissed the appeal filed by the Revenue. The special leave petition filed by the Revenue against the said decision was also dismissed by the Hon'ble Supreme Court [2014 (3) TMI 1127 - SUPREME COURT] It is seen that the Hon'ble Supreme Court had given reasons and rightly dismissed the special leave petition. Therefore, we do not a .....

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..... ssessment year 2008-09, raising the following substantial questions of law : i. Whether the Tribunal was right in holding that the difference between the market price and the employees stock option plan was revenue expenditure allowable under Section 37(1) of the Act without appreciating the fact that the difference was only notional loss, which cannot be set off against normal business profi .....

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..... 14. 4. The learned counsel for the appellant has sought to argue that the dismissal of the special leave petition was a dismissal simplicitor without reasons and that therefore, the Revenue should be allowed to canvass other points before this Court. 5. However, we do not agree with the said submission, as the Hon'ble Supreme Court dismissed the special leave petition by passing the foll .....

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