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2020 (5) TMI 617 - AT - Income TaxDisallowance of additional ESOP expenses - HELD THAT:- We note that this issue stands squarely covered by the decision of Special Bench of the Tribunal in the case of Biocon Ltd. Vs. DCIT [2013 (8) TMI 629 - ITAT BANGALORE] and also in assessee’s own case for the AY 2013-14 [2018 (12) TMI 1724 - ITAT KOLKATA]. Addition towards exchange loss - MTM profit on derivative contract from the computation of income - CIT-A deleted the addition - HELD THAT:- We note that this issue is covered in favour of the assessee in assessee’s own case for the AY 2013-14 in [2018 (12) TMI 1724 - ITAT KOLKATA] and the Ld. DR could not point out any change in facts or law which would have warranted any interference on the part of us. In the absence of the same, we note that the issue under dispute had been dealt elaborately by the Ld. CIT(A), supra which we agree and thus in our considered opinion, does not call for any interference.
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