2010 (12) TMI 1354

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t on the following substantial question of law:- (i) Whether on the facts and in the circumstances of the case, the Tribunal erred in law in holding that the difference between the price at which stock options were offered to the employees of the appellant company under the ESOP Scheme and the prevailing market price of the stock on the date of grant of such options was not allowable expenditur .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... v) Whether on the facts and in the circumstances of the case, the Tribunal exceeded its jurisdiction under section 254 of the Act by not confining its decision in the impugned order to be questions arising in the appeal but making out an altogether new case holding that the options discount arising under the stock options scheme was ?notional loss? not eligible for deduction under Section 37 of th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X