THE PR. COMMISSIONER OF INCOME TAX vs. M/S CISCO SYSTEMS
The appeals are allowed; the impugned
ITA/27/2019HC Karnataka18 Jun 2021
Bench: SATISH CHANDRA SHARMA,R. NATARAJ
Section 143(3)Section 144Section 260ASection 263Section 32
disallowed the excess depreciation claimed on networking
equipments.
3.
The
Principal
Commissioner
of
Income
Tax,
Bengaluru, thereafter issued a notice under Section 263 of the
Act of 1961 on 5.3.2015 and called upon the assessee to explain
as to why the assessment order passed by the assessing officer
under Section 143(3) of the Act of 1961 should
