Blackbuck Limited Receives Favorable Orders from Income Tax Department on ESOP Expenses

Blackbuck Limited Receives Favorable Orders from Income Tax Department on ESOP Expenses​

Blackbuck Limited, formerly known as Zinka Logistics Solutions Limited, has received favorable orders from the Income Tax Department regarding disallowed ESOP expenses for two assessment years. The orders, dated April 20, 2026, were received on April 21, 2026, from the Deputy Commissioner of Income Tax, Bengaluru.

The department's order gives effect to the appellate decision made by the Commissioner of Income Tax (Appeals) [CIT(A)]. The core finding of the orders is that the disallowances previously made concerning ESOP expenses have been set aside.

The orders address expenses related to the Assessment Years (AY) 2021-22 and AY 2022-23.

The specific details regarding the allowed ESOP expenses and the relevant assessment years are summarized below:


The department's order determined the disallowances related to ESOP expenses that had been initially questioned under Section 37(1) of the Income-tax Act, 1961.

The company stated that these orders are favorable, resulting in no adverse financial impact on Blackbuck Limited.

BLACKBUCK Stock Price Movement​

Shares of BLACKBUCK LIMITED today slipped by 0.17% to settle at ₹622.05. The stock traded on a robust volume of 3.14 million shares during the session.