Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, DELHI BENCH : I-1 : NEW DELHI
Before: SHRI R.K. PANDA & SHRI KULDIP SINGH
ORDER PER BENCH: The ld. Counsel for the assessee at the time of hearing, filed an application seeking withdrawal of the appeals filed by the assessee on the ground that pursuant
ITA Nos.5420 & 6236/Del/2016 to an application filed by the AE of the assessee in the United States seeking resolution under MAP with the Competent Authority of US under Article 9 and 27 of Indo-US Income Tax Convention, a settlement has been arrived at between the US Competent Authority and the Competent Authority of India. The assessee has accepted the resolution arrived at under the said MAP. Under these circumstances, the assessee seeks to withdraw the appeals filed before the Tribunal.
In absence of any objection from the side of the Ld. DR, the request of the assessee seeking permission of the Bench to withdraw the appeals are allowed. Since the grounds raised by the Revenue also pertain to the issues covered under the MAP proceedings, therefore, the appeal of the Revenue becomes infructuous. Accordingly, the two appeals filed by the assessee are dismissed as withdrawn and the appeal filed by the Revenue is dismissed being infructuous.