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Income Tax Appellate Tribunal, BANGALORE BENCHES “A”, BANGALORE
O R D E R Per George George K, JM These are cross appeals directed against the order of the Assessing Officer passed u/s 143(3) r.w.s 144C(13) of the I.T.Act dated 27.01.2016. The relevant assessment year is 2011-2012.
At the time of hearing before us, the learned Counsel for the assessee submitted that the assessee has opted for filing the application under Direct Tax Vivad Se Vishwas Act, for 2 IT(TP)A No.484 & 658/Bang/2016. M/s.LSI India Research & Development Pvt.Ltd.. settlement of the dispute, and accordingly, prayed that the appeal may be treated as withdrawn. Accordingly, we are of the view that no purpose would be served in keeping the appeals pending, since the same are to be withdrawn, once the dispute is settled under the above said Act.
Accordingly, we dismiss the above appeals. However, liberty is given to the assessee and Revenue to seek recall of this order, if it warrants so.
In the result, the appeal filed by the assessee and Revenue are dismissed.