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Facts
The assessee, Keyence India Private Limited, filed an appeal against the assessment order for AY 2020-21. During the hearing, the appellant sought permission to withdraw the appeal.
Held
The tribunal granted the appellant's request to withdraw the appeal as the issues involved had been resolved under a MAP resolution mechanism. The appeal was dismissed as withdrawn.
Key Issues
The primary issue was whether the appeal should be permitted to be withdrawn due to resolution of disputes under a MAP resolution mechanism.
Sections Cited
143(3), 144C(13), 144B
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, ‘D’ BENCH: CHENNAI
Before: HON’BLE SHRI GEORGE GEORGE K & HON’BLE SHRI INTURI RAMA RAO
PER INTURI RAMA RAO, A.M : This appeal filed by the assessee – Keyence India Private Limited directed against the final assessment order of the Deputy Commissioner of Income Tax, Corporate Circle-4(1), Chennai dated 29.05.2024 for the assessment year 2020-21 passed u/s 143(3) r.w.s.144C(13) r.w.s. 144B of the Income Tax Act, 1961.
When the matter had come up for hearing today, the appellant filed a letter seeking permission to withdraw the above captioned appeal on the ground that the issues involved in these appeal stands resolved under MAP resolution mechanism.
On the other hand, the ld. Sr.DR had expressed no objection to permit the withdrawal of the appeal.
In the circumstances, we hereby grant permission to the appellant to withdraw the appeal. Accordingly, the above captioned appeal stands dismissed as withdrawn.
In the result, the appeal filed by the assessee stands dismissed as ‘withdrawn’. Order pronounced on 30th , December-2025 at Chennai.