DCIT, BANGALORE vs. M/S NXP SEMICONDUCTORS INDIA PVT. LTD.,, BANGALORE

This appeal is filed by the Revenue for the assessment year 2010-11.

At the time of hearing, the Ld A.R submitted that the assessee has filed application under the Direct Tax Vivad Se Vishwas Act, 2020 and has filed Form 1 and 2. Learned Departmental Representative has no objection.

We have heard the rival contentions and perused the material on record. The assessee has opted for Vivad Se Vishwas Scheme, 2020. Since the assessee has already filed the necessary application before the tax authorities under the above said scheme, we are of the view that no purpose will be served in keeping this appeal pending. Accordingly, appeal of the Revenue is dismissed as withdrawn.

In the result, the appeal of the assessee is dismissed as withdrawn.