https://www.taxtmi.com/caselaws?id=781448 ITAT, Bangalore (AT) allowed the appeal partly: disallowance of employee stock option expense deleted, holding it allowable under section 37 following the HC decision on identical facts. Claim for excess dividend distribution tax was dismissed, following the special bench precedent. Netting of receivables with payables was rejected; interest on overdue receivables must be benchmarked using EURIBOR (invoices in EUR), so that ground is allowed in part. Several comparables (Microsoft India, Tally, Innovana, Quick Heal, Compucom) were directed excluded or reassessed per functional differences and RPT filters; TPO instructed to follow DRP directions. en-us Tue, 11 Nov 2025 00:00:00 +0530 Sat, 15 Nov 2025 07:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781448 ITAT, Bangalore (AT) allowed the appeal partly: disallowance of employee stock option expense deleted, holding it allowable under section 37 following the HC decision on identical facts. Claim for excess dividend distribution tax was dismissed, following the special bench precedent. Netting of receivables with payables was rejected; interest on overdue receivables must be benchmarked using EURIBOR (invoices in EUR), so that ground is allowed in part. Several comparables (Microsoft India, Tally, Innovana, Quick Heal, Compucom) were directed excluded or reassessed per functional differences and RPT filters; TPO instructed to follow DRP directions. Case-Laws Income Tax Tue, 11 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781448