EPLANET VENTURES MAURITIUS LIMITED ,BANGALORE vs. COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION) , BANGALORE

This appeal is preferred by the assessee. During the course of hearing, the ld. Counsel for the assessee has moved an application with a request to withdraw the appeal, as no addition was made by the AO in the assessment order framed consequent to the order of CIT(Appeals) passed u/s. 263 of the Income-tax Act, 1961. The revenue has no objection with regard to the request of the ld. Counsel for the assessee.

Having given a thoughtful consideration to the rival submissions in the light of the application filed by the assessee, we allow the withdrawal of the appeal of the assessee and dismiss the same as withdrawn.

In the result, the appeal of the assessee stands dismissed.