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Income Tax Appellate Tribunal, DELHI BENCH ‘FRIDAY’ : NEW DELHI
Before: SHRI G.S. PANNU & SHRI KUL BHARAT
ORDER PER G.S. PANNU, VP :
This appeal by the assessee for the assessment year 2014-15 is directed against the order of Learned Assessing Officer.
At the time of hearing, Ld. Counsel for the assessee has submitted that assessee had filed a rectification application before the Ld. DRP in conjunction with the appeal filed before the Tribunal and the Ld. DRP has passed the directions under Rule 13 of the Income Tax (DRP) Rules, 2009 on 11.12.2018 accepting the assessee’s contention and directed the TPO to re-compute the adjustment amount. It was further submitted that accordingly, the Ld. TPO has passed the order giving effect to the aforementioned directions, wherein the entire adjustment previously computed by the Ld. TPO was deleted and consequently, the entire total tax demand was reduced to NIL in the revised assessment order. Therefore, subsequent to the revised DRP’s directions and the order passed by the Ld. TPO/AO, the instant appeal has become infructuous. Hence, he requested for withdrawal of the captioned appeal filed by the assessee. In support of aforesaid contentions, the assessee has filed a letter dated 12.4.2021, which is placed on record.
Learned Senior DR has no objection on the aforesaid request of the Ld. Counsel for the assessee.
In view of the above, we accept the request of the assessee’s counsel for withdrawal of the aforesaid appeal.
In the result, the appeal of the assessee is dismissed as withdrawn.
Above decision was pronounced in the presence of both the parties upon conclusion of virtual hearing on 07th May, 2021.