THERMAX ONSITE ENERGY SOLUTIONS LIMITED,,PUNE vs. PR. COMMISSIONER OF INCOME-TAX -4,, PUNE

The ld. AR at the outset sought permission to withdraw the captioned appeal and placed on record fact sheet stating that the present appeal has become infructuous. The fact sheet reads as under:- “Learned Principal Commissioner of Income Tax invoking revisional powers u/s. 263 issued directions to the AO to refer the specified domestic transactions to the TPO. The learned TPO consequent to the said directions of Principal CIT has passed order u/s 92CA(3) accepting on merits the specified domestic transactions entered into by the appellant to be at arm’s length. The impugned appeal of the assessee has thus become infructuous.”

The ld. DR has not objected for the prayer of ld. AR. Accordingly, the prayer of ld. AR is granted. Thus, the appeal of assessee is dismissed as having been „withdrawn‟.

In the result, the appeal of assessee is dismissed.