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Facts
The assessee, Omron Automation (P) Ltd., filed appeals for Assessment Years 2016-17 and 2018-19. During the hearing, the assessee submitted an application requesting to withdraw the appeals as the issues involved had been resolved under the Mutual Agreement Procedure (MAP).
Held
The tribunal allowed the assessee's request to withdraw the appeals. Consequently, the appeals filed by the assessee were dismissed as 'withdrawn' by the tribunal.
Key Issues
Whether the assessee's request to withdraw appeals, due to resolution of issues under the Mutual Agreement Procedure (MAP), should be allowed by the tribunal.
Sections Cited
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Income Tax Appellate Tribunal, DELHI BENCHES : I : NEW DELHI
Before: SHRI G.S. PANNU, HON’BLE & SHRI ANUBHAV SHARMA
ORDER PER ANUBHAV SHARMA, JM: At the time of hearing, vide applications dated 02.05.2024 placed on record, the assessee submitted that the assessee desired to withdraw the instant appeals since the issues involved in the appeals have been resolved under Mutual Agreement Procedure (MAP) and, therefore, requested that the instant appeals may be allowed to be withdrawn.
In the light of the above submissions, the assessee is allowed to withdraw its appeals.