Aricent Technologies (Holdings) Ltd., ... vs Addl. Cit, Special Range- 1 , New Delhi on 4 January, 2022
4. That the Ld. AO/DRP erred on facts and in law in not
allowing the deduction of Rs.2,85,92,404 claimed on account
of reimbursement paid to the parent company towards ESOP
for granting stock options to employees of the appellant.
4.1That the Ld. AO/ DRP erred on facts and in law in
proposing to hold that employees compensation expense
5 ITA No.601/Del/2021
& S.A. No.167/Del/2021
Aricent Technologies (Holdings) Ltd. vs. ACIT
claimed by the appellant was not allowable under section 37
of the Act alleging that the same was not incurred wholly
and exclusively for the purpose of the business of the
appellant company.