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Income Tax Appellate Tribunal, DELHI BENCH “I-2”: NEW DELHI
Before: SHRI R.K. PANDA & MS. ASTHA CHANDRA
The appeal of the assessee is preferred against the order of Ld. ACIT, Circle 27(2), Delhi dated 19.07.2019 under section 143(3) read with section 144C(13) of the Income Tax Act, 1961 (“Act”) pertaining to the assessment year (“AY”) 2015-16.
The Ld. AR for the assessee, vide letter dated 28.04.2022 has requested for withdrawal of the appeal on the ground that the assessee had filed an application for Unilateral Advance Pricing Agreement (“APA”) on 27.03.2018 in respect of all the international transactions undertaken by the assessee with its Associated Enterprises. The said APA covers the transactions pertaining to payment of royalty, payment of intra-group services and provision of support services which were disallowed by the Ld. TPO and upheld by the Ld. DRP/AO against which the assessee had preferred this appeal. The APA has been signed on 30.03.2022 and it covers the period from AY 2015-16 to AY 2022-23. A copy of the APA is also filed.
The Ld. CIT (DR) has no objection for withdrawal of the appeal.
In view of the above, we accept the request of the assessee for withdrawal of the appeal. Consequently, the appeal is dismissed as withdrawn.
In the result, the appeal of the assessee is dismissed.