TEXAS INSTRUMENTS (INDIA) PRIVATE LIMITED,BANGALORE vs. CIT, BANGALORE
In the result, the appeal of the assessee is partly allowed
ITA 731/BANG/2016[2009-10]Status: DisposedITAT Bangalore07 Jan 2021AY 2009-10
Bench: Shri N.V. Vasudevan & Shri B R Baskaranit(Tp)A No.731/Bang/2016 Assessment Year: 2009-10 M/S. Texas Instruments (India) Private Limited, Vs. The Additional Commissioner Of Bagmane Tech Park, Income Tax, Ltu, No.66/3, Adjacent To Lrde, Bangalore. Byrasandra, C V Raman Nagar, Bangalore – 560 093. Pan: Aaact 5445M Appellant Respondent Assessee By : Shri. Sharath Rao, Ca Revenue By : Shri. Pradeep Kumar, Cit (Dr) (Itat), Bengaluru. Date Of Hearing : 6.1.2020 Date Of Pronouncement : 7.1.2020
For Appellant: Shri. Sharath Rao, CAFor Respondent: Shri. Pradeep Kumar, CIT (DR) (ITAT), Bengaluru
Section 143(3)Section 263
32A of the Act, held that if appliances are capable of being installed and used in any place where people work or gather, and desire to communicate, such items cannot be construed as office appliances
- the only requirement for claiming deduction under section 32(1)(iia) of the Act is that the assessee should be engaged in the business
