AdvertisementHDFC Bank Limited Vs DCIT-2(3)(1) (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai, decided an appeal filed by HDFC Bank Limited against the order of the Commissioner of Income-tax (Appeals) for Assessment Year 2021-22 arising from an intimation issued by the Central Processing Centre (CPC), Bengaluru under Section 143(1) of the Income-tax Act, 1961. The dispute before the Tribunal concerned the assessee’s claim for deduction of Employee Stock Option Scheme (ESOP) expenditure under Section 37(1) of the Act. The assessee had filed its return of income under Section 139(1), which...