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Income Tax Appellate Tribunal, “K” Bench, Mumbai
This assessee has filed this appeal challenging the assessment order dated 31.3.2021 passed by the Assessing Officer for A.Y. 2016-17 in pursuance of direction given by learned DRP.
At the time of hearing the assessee filed a letter stating that it is withdrawing the present appeal as the matter has been settled under Advance Pricing Agreement procedure. Learned AR appearing for the assessee sought permission of the Bench to withdraw the appeal. Learned Departmental Representative did not object to the prayer of the assessee. Accordingly, we allow the assessee to withdraw the appeal.
In the result, appeal filed by the assessee is dismissed as withdrawn. Order pronounced in the open court on 10.05.2022.