INFINEON TECHNOLOGIES INDIA PRIVATE LIMITED,BANGALORE vs. ACIT, BANGALORE
In the result, the assessee's appeal for Assessment Year 2008-09 is partly allowed
ITA 1670/BANG/2012[2008-09]Status: DisposedITAT Bangalore06 Nov 2015AY 2008-09
Bench: Smt. Asha Vijayaraghavan & Shri Jason P. Boazi.T. (T.P) A. No.1670/Bang/2012 S.P. No.120/Bang/2015 (Assessment Year : 2008-09) M/S. Infineon Technologies India Pvt. Ltd., Kalyani Platina, 3Rd Floor, Block 1, No.6 & 24, Epip Zone Phase 1, Whitefield, Bangalore-560 066 …. Appellant. Pan Aabcs 6967N Vs. Asst. Commissioner Of Income Tax, Circle 11(4), Bangalore. ….. Respondent. Appellant By : Shri K.R. Vasudevan, Advocate. Respondent By : Shri D. Sudhakara Reddy, Cit-Iii (D.R.) Date Of Hearing : 5.10.2015. Date Of Pronouncement : 6.11.2015. O R D E R Per Shri Jason P. Boaz, A.M. : This Appeal By The Assessee Is Directed Against The Order Of Assessment For Assessment Year 2008-09 By The Dcit, Circle 11(4), Bangalore Passed Under Section 143(3) Rws 144C Of The Income Tax Act, 1961 (In Short 'The Act') Vide Order Dt.29.10.2012, In Pursuance Of The Directions Issued By The Dispute Resolution Panel (‘Drp’) Under Section 144C(5) Rws 144C(8) Of The Act Vide Order Dt.17.9.2012. 2. The Facts Of The Case, Briefly, Are As Under :-
For Appellant: Shri K.R. Vasudevan, AdvocateFor Respondent: Shri D. Sudhakara Reddy, CIT-III (D.R.)
Section 143(3)Section 144C(5)Section 92C
144C of the Act dt.29.10.2012 assessing the taxable income of the assessee at Rs.58,69,63,275 by making the following additions/disallowances :-
(i) T.P. Adjustment : Rs.26,13,69,735. (ii) Project Specific Cost : Rs.11,25,95,270. 3.1 Aggrieved by this final order of assessment for Assessment Year 2008-09 dt.29.10.2012, the assessee is in appeal before this Tribunal. Before
