2011 (2) TMI 1521

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....athy 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 order for the sake of convenience. 2. T....

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....aw relied on by the assessee and made the disallowance of expenditure incurred towards ESOPS amounting to ₹ 6,75,000 in A.Y. 2005-06 and ₹ 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. Prasad, the learned representativ....