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Income Tax Appellate Tribunal, ‘A’ BENCH, BANGALORE
Before: SHRI. SUNIL KUMAR YADAV & SHRI A. K. GARODIA
This appeal is preferred by the assessee against the order passed consequent to the order of the DRP on various grounds. During the course of hearing, the learned counsel for the assessee has appeared and made a statement that AO while passing an order under section 154 of the Act, rectifying its final assessment order to give full effect of DRP’s directions, the final assessment order determining the Transfer Pricing adjustment resulting into a Nil demand. Therefore, assessee does not want to press the grounds raised in his appeal and intends to withdraw the same.
IT(TP)A No. 534/Bang/2017 Page 2 of 2 2. The learned DR has no objection to the request of the withdrawal of the assessee. According appeal of the assessee is dismissed as withdrawn.
3 . In the result, appeal of the assessee is dismissed as withdrawn.
Order pronounced in the open court on this 22nd September, 2017.