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Income Tax Appellate Tribunal, BANGALORE BENCH ‘ B ’
Before: SHRI VIJAY PAL RAO & SHRI INTURI RAMA RAO
Per Shri Vijay Pal Rao, J.M. : This appeal by the assessee is directed against the order dt.20.09.2016 passed under Section 143(3) r.w.s. 144C(13) of the Income Tax Act, 1961 (in short 'the Act') in pursuant to the directions of Dispute Resolution Panel (DRP) dt.31.8.2016 for the Assessment Year 2012-13.
2 IT(TP)A No.2006/Bang/2016 2. At the time of hearing, the learned Authorised Representative of the assessee has stated at Bar that the assessee has entered into unilateral Advance Price Agreement (‘APA’) on 17.1.2017 with the CBDT. Therefore the assessee does not press the present appeal and requested for withdrawal of the appeal. The assessee has also filed an application dt.28.3.2017 seeking withdrawal of the present appeal. Accordingly, in view of the APA and request of the assessee, the appeal of the assessee is allowed to withdraw the rpesent appeal and consequently the appeal is dismissed being withdrawn.
In the result, the appeal of the assessee is dismissed as withdrawn.
Order pronounced in the open court on the 30th Day of Mar.,2017.