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Informative

Relief to Make My Trip: ITAT Quashes Revision Order Noting AO’s Proper Inquiry on ESOP Expenses

Update / Judgement Date

03 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Appeal Against OrderIncome Tax

The ITAT quashed a revision order against MakeMyTrip, noting the AO's proper inquiry on ESOP expenses. This decision highlights the importance of thorough inquiries in tax assessments. It ensures that assessments are based on factual evidence. This ruling underscores the need for clear guidelines on ESOP expense assessments. It emphasizes the importance of fair assessments. The ITAT's order protects the rights of taxpayers by ensuring that proper inquiries are conducted.