2011 (2) TMI 1521

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....For the Respondent : Amlan Tripathy ORDER N. R. S. Ganesan (Judicial Member) The assessee filed the above two appeals against the two independent orders of the CIT(A)-V, Hyderabad dated 13.11.2009 for the assessment years 2005-06 and 2006- 07. Since common grounds are taken by the assessee in both the appeals, we heard both the appeals together and disposing of the same by this common ord....

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....ssessing Officer distinguished the case-law relied on by the assessee and made the disallowance of expenditure incurred towards ESOPS amounting to Rs. 6,75,000 in A.Y. 2005-06 and Rs. 7,40,000 in A.Y. 2006- 07. In appeal, the CIT(A) upheld the orders of the Assessing Officer and confirmed the disallowance made. Aggrieved, the assessee is in appeal before this Tribunal. 4. We have heard Shri C.N....