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Income Tax Appellate Tribunal, MUMBAI BENCH “I”, MUMBAI
Before: SHRI RAJESH KUMAR & SHRI RAVISH SOOD
Per Rajesh Kumar, Accountant Member:
The present appeal has been preferred by the assessee against the order dated 06.09.2019 of the Dispute Resolution Panel-2 [hereinafter referred to as the DRP] relevant to assessment year 2011-12.
The assessee has filed a letter dated 23.06.2021 requesting the Bench to allow the withdrawal of appeal on the ground that issue involved in this case has already been allowed by the AO by passing necessary rectification order dated 05.02.2020. When the Ld. D.R. was confronted with this issue he fairly conceded that the issue has been settled at the level of the AO
We have heard the rival submissions of both the parties and perused the material on record. Accordingly, the appeal of the assessee is dismissed as withdrawn.
Order pronounced in the open court on 13.07.2021.