KONINKLIJKE VOPAK N V ,MUMBAI vs ASST CIT (IT) CIRCLE-3(1)92), MUMBAI

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

Before: SHRI SAKTIJIT DEY (JM) & SHRI RAJESH KUMAR (AM)

For Appellant: Shri Kirit Kamdar (AR)

For Respondent: Shri N. Padmanaban (DR)

Hearing: 09/09/2021Pronounced: 09/09/2021

O R D E R PER SAKTIJIT DEY, JM Captioned appeal by the assessee is against final assessment order dated 16.09.2019 passed under section 143(3) r.w.s. 144C(13) of the Income Tax Act, 1961, in pursuance to directions of learned Dispute Resolution Panel (DRP).

Vide letter dated 08.09.2021 kept on record, the assessee has submitted that the assessee is undergoing process of restructuring and forming a joint venture with a new partner. Hence, the assessee has sought permission for withdrawal of the appeal to facilitate the restructuring.

The learned Departmental Representative has no objection to the aforesaid request of the assessee.

KONINKLIJKE VOPAK N V ,MUMBAI vs. ASST CIT (IT) CIRCLE-3(1)92), MUMBAI