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
32. (1) In respect of depreciation of—
(i) buildings, machinery, plant or furniture, being
tangible assets;
(ii) know-how, patents, copyrights, trade marks, licences,
franchises or any other business or commercial rights of
similar nature, being intangible assets acquired on or
after the 1st day of April, 1998,
owned, wholly or partly, by the assessee and used for the
purposes
