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2019 (3) TMI 1989 - DELHI HIGH COURTDisallowance of Employees Stock Option Plan (‘ESOP’) - HELD THAT:- As pointed out by Assessee that the issue stands covered in favour of the Assessee and against the Revenue by the order of this Court in Commissioner of Income Tax v. Lemon Tree Hotels [2015 (11) TMI 404 - DELHI HIGH COURT] - The Court had affirmed the order of the ITAT in M/S. BIOCON LIMITED [2013 (8) TMI 629 - ITAT BANGALORE] deciding the issue in favour of the Assessee in the said case where the addition made by the AO by way of disallowance of the expenses debited as cost of ESOP in profit and loss account was deleted by the ITAT.
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