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Before: SHRI H.S. SIDHU & SHRI PRASHANT MAHARISHI
This appeal filed by the Revenue against the directions dated 15.10.2015 of the Ld. Dispute Resolution Panel-2, New Delhi pertaining to assessment year 2011-12.
During the course of hearing, Ld. Counsel for the Assessee, Sh. Himanshu Sinha, Advocate filed a letter dated 08.08.2017 which covers the Rollback Years of Advance Pricing Agreement. Therefore, he submitted that now this Appeal of the Revenue does not survive.
Ld. CIT(DR), Sh. H.K. Choudhary also perused the Advance Pricing Agreement and agreed with the above fact.
We have carefully considered the rival contentions and also perused the letter dated 08.8.2017 filed by the Ld. Counsel for the Assessee alongwith the copy of the Advance Pricing Agreement. We note that as per para 2 of the Advance Pricing Agreement the Page 1 of 3 impugned assessment year i.e. AY 2011-12 is covered in the said Agreement. In view of this, the Appeal of the Revenue does not survive, hence, the same is dismissed.