CITIBANK OVERSEAS INVESTMENT CORPORATION ,MUMBAI vs COMM OF INCOME TAX (INTL TAX) , MUMBAI

Income Tax Appellate Tribunal, MUMBAI BENCH “ I”, MUMBAI

Hearing: 10/08/2022Pronounced: 19/09/2022

This appeal by the assessee is directed against the order of Commissioner of Income Tax(I.T) Mumbai-2 [in short 'the CIT(IT)’] dated 21/03/2022, passed under section 263 of the Income Tax Act, 1961 [in short ‘the Act’] for the assessment year 2016-17.

Shri Viral Doshi appearing on behalf of the assessee submitted at the outset that the assessee wishes to withdraw the appeal. He has also filed letter of withdrawal dated 09/08/2022 citing reasons to withdraw the appeal.

Shri S.H.Usmani representing the Department stated that Revenue has no objection if assessee wishes to withdraw the appeal.

Both sides heard. In view of the statement made by ld. Authorized Representative of the assessee, the appeal by assessee is dismissed as withdrawn.

CITIBANK OVERSEAS INVESTMENT CORPORATION ,MUMBAI vs. COMM OF INCOME TAX (INTL TAX) , MUMBAI