TaxTMI 
TaxTMI 
2026 (9) TMI 1348
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....a, SSC with Mr. Lakshya, Advocate. For the Respondent Through: Mr. Sachit Jolly, Sr. Advocate with Mrs. Mansha Anand, Mr. Abhyudaya S. Bajpai, Mr. Sohum Dua, Ms.Saloni Ray, Mr. Ghunaim Siddiqui, Ms. Yahavi Sharma and Ms. Manvi, Advocates. JUDGMENT PER DINESH MEHTA, J. (ORAL) 1. The present appeal was admitted for the following questions vide orders dated 17.03.2025 and 16.12.2025: ....
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....other judgments. 3. In the case of Lemon Tree Hotels Ltd. (supra), this Court has held as under: "2. The question sought to be projected by the Revenue is whether the ITAT erred in deleting the addition of Rs. 1,28,19,169/- made by the Assesssing Officer ('AO') by way of disallowance of the expenses debited as cost of Employees Stock Option ('ESOP') in profit and loss account? ....
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....t is not in a position to dispute the aforesaid position of facts and law. Following the judgment of this Court, question (i) is answered in affirmative and in favour of the assessee. 5. So far as the question (ii) is concerned, the Assessing Officer (AO) had made the addition on the ground that the valuation which the respondent/assessee had got done, was by a Chartered Accountant (CA), wherea....