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2019 (2) TMI 1733 - AT - Income TaxTP adjustment - arm’s length price of international transaction with the Associated Enterprise (AE) pertaining to the provision of non–binding investment advisory and support service - HELD THAT:- Companies functionally dissimilar with that of assessee need to be deselected from final list. Disallowance of amortization of cost relating to employee’s stock option plan (ESOP) - HELD THAT:- As decided in own case Tribunal, while deciding the issue held that as per the decision of the Tribunal, Bangalore Bench, in Biocon Ltd. v/s DCIT [2013 (8) TMI 629 - ITAT BANGALORE] ESOP cost is allowable as deduction. Accordingly, the Tribunal allowed the deduction claimed by the assessee. Disallowance paid to the Stock Exchanges for non–confirmation of clearing house trade, client code modification, etc. - HELD THAT:- Similar disallowance made in assessment years 2009–10, the Tribunal [2015 (12) TMI 966 - ITAT MUMBAI] following the decision of the Hon'ble Jurisdictional High Court deleted the disallowance made on account of payment made to Stock Exchanges towards non–compliance of clearing house trade, client code modification, etc.
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