TMI Blog2011 (2) TMI 1521X X X X Extracts X X X X X X X X Extracts X X X X ..... cial 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. The only issue arising for cons ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 representative for the assessee and Shr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bunal in assessee's own case for A.Ys. 2003-04 and 2004-05 is equally applicable for the years under consideration. Following the same ratio, the orders of the lower authorities are confirmed and the grounds raised by the assessee are rejected. 7. In the result, both the appeals of the assessee are dismissed. Order pronounced in the open court on 1st February, 2011. - - TaxTMI - TMIT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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