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Facts
Appeals were filed by both the Revenue and the assessee against the orders of the Ld. CIT(A)-44 for Assessment Year 2013-14. Both parties later submitted that, due to an Advance Pricing Agreement (APA) order, the grounds of appeal were no longer required to be adjudicated.
Held
The Income Tax Appellate Tribunal dismissed both the Revenue's and the assessee's appeals as infructuous. This decision was based on the parties' submission that the issues raised in the appeals had been duly covered by an Advance Pricing Agreement (APA).
Key Issues
Whether appeals filed by the Revenue and the assessee become infructuous when the grounds of appeal are covered by an Advance Pricing Agreement (APA).
Sections Cited
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Income Tax Appellate Tribunal, DELHI BENCH ‘I’, NEW DELHI
Before: Dr. B. R. R. KumarSh. Vimal Kumar
ORDER Per Bench: The present appeals have been filed by the Revenue and the assessee against the orders of ld. CIT(A)-44, New Delhi dated 30.11.2017. 2. Owing to the order of the APA, both the parties fairly submitted that the appeals would no longer be required to be adjudicated as the grounds taken up in the appeal have been & 1882/Del/2018 2 Mitsubishi Heavy Industries India Pvt. Ltd. duly covered by the order of the APA. Hence, the appeals are dismissed as infructuous.
Order Pronounced in the Open Court on 27/06/2024.