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Income Tax Appellate Tribunal, “A” BENCH : BANGALORE
Before: SHRI N.V. VASUDEVAN & SHRI A K GARODIA
Date of hearing : 18.12.2019 Date of Pronouncement : 03.01.2020 O R D E R Per N.V. Vasudevan, Vice President
This appeal by the assessee is against the final order dated 10.10.2017 of the DCIT, Circle 4(1)(1), Bangalore passed u/s. 143(3) r.w.s. 144C of the Income-tax Act, 1961 [the Act] relating to assessment year 2013-14.
At the time of hearing, the ld. counsel for the assessee submitted that the assessee has entered into Advance Pricing Agreement [APA] with the CBDT on 21.11.2019 and the assessment year involved in this appeal is also part of the said agreement. As required under Rule 10RA(4) of the Income-tax Rules, 1962, any pending appellate proceedings which is subject matter of roll back provisions shall be withdrawn by the applicant. Accordingly, the ld. counsel for the assessee has prayed for withdrawing the various grounds raised by the assessee in this appeal.
The appeal is therefore dismissed as withdrawn.
Pronounced in the open court on this 3rd day of January, 2020.