2018 (1) TMI 1677

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..... in Madras High Court in CIT v. P.V.P. Ventures Ltd. [ 2012 (7) TMI 696 - MADRAS HIGH COURT ] as well as the decision of this Court in CIT v Oswal Agro Mills Ltd. [ 2015 (11) TMI 301 - DELHI HIGH COURT ] and held that issue of debentures or obtaining loans are to be considered as revenue expenditure and consequently the cost of ESOP should be debited to the profit loss account of the assessee .....

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..... s High Court in Madras High Court in CIT v. P.V.P. Ventures Ltd. (TC(A)No.1023/2005) as well as the decision of this Court in CIT v Oswal Agro Mills Ltd.(ITA 2/2002, decided on 04.08.2015) and held that issue of debentures or obtaining loans are to be considered as revenue expenditure and consequently the cost of ESOP should be debited to the profit loss account of the assessee. These decisio .....

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