ABB SWITZELRLAND,BENGALURU vs. DY CIT (IT) CIRCLE-1(1)(1), MUMBAI

PER VIKRAM SINGH YADAV, A.M :

These two appeals are filed by the assessee against the order of the Assessing Officer (AO), consequent to the directions given by the Dispute
Resolution Panel [DRP]-Mumbai, pertaining to Assessment Years (AYs)
2015-16 and 2016-17. 2. None appeared on behalf of the assessee. At the time of hearing, it was noticed that two petitions dt. 21-04-2025 have been filed for withdrawal of these appeals, wherein the assessee has requested the Bench for permission to withdraw these appeals and the contents of these petitions which are similarly worded, read as under:
“This is with reference to the captioned matter, wherein the Company respectfully submits that the Company has opted for settlement of disputes under the VsV Scheme and has received approval of the Commissioner of Income-tax ('the CIT'), Bengaluru to proceed with the said Scheme on 09 April 2025. A copy of the certificate from the CIT in 'Form 2' is enclosed as Annexure 1 for your reference.
Accordingly, it is most respectfully prayed that the captioned appeal filed by the Company before the Hon'ble ITAT (refer Annexure 2 for the appeal acknowledgement) be withdrawn since the Company has been granted the requisite certificate to settle the dispute under this Scheme.
We shall be highly grateful for this kind accommodation.
Should you have any reservations, or require any explanations /
clarifications, kindly provide us with a further opportunity to present our case and make submissions.
Yours faithfully,
For ABB Switzerland Limited
XXXX
Authorized signatory
Encl: As above”
3. The Ld. DR did not raise any objection to such prayer.
4. In view of the same, we hereby permit the assessee to withdraw these two appeals, which hereby stand dismissed as withdrawn.
5. In the result, both the appeals of the assessee are dismissed as withdrawn.
Order pronounced in the open court on 02-06-2025 [SANDEEP SINGH KARHAIL] [VIKRAM SINGH YADAV]
JUDICIAL MEMBER ACCOUNTANT MEMBER

Mumbai, Dated: 02-06-2025

TNMM
Copy to :

1)
The Appellant
2)
The Respondent
3)
The CIT concerned
4)
The D.R, ITAT, Mumbai
5)
Guard file

By Order

Dy./Asst.