ACIT CIRCLE 4.3.1, MUMBAI vs. JUST DIAL LTD, MUMBAI
In the result, the appeal by the Revenue for the assessment year 2020-
ITA 486/MUM/2024[2017-18]Status: DisposedITAT Mumbai23 Sept 2024AY 2017-18
Bench: Shri. Om Prakash Kant & Shri. Sandeep Singh Karhail
For Appellant: Shri Madhur Agarwal, Ms. MokshaFor Respondent: Shri Ankush Kapoor, CIT DR
Section 115Section 115JSection 250
17
ITAs No.254, 486, 485, 484, 483/MUM/2024
(A.Y.: 2017-18, 2018-19, 2020-21, 2021-22)
Just Dial Ltd benefits on ESOPs. Section 17(2)(iiia) was inserted by Finance Act, 1999 with effect from 1-4-2000. Therefore, it is evident that law recognizes a real benefit