VISA WORLDWIDE PTE. LIMITED,SINGAPORE vs. DEPUTY COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION), CIRCLE-2(2), BANGALORE

These appeals at the instance of the assessee are directed against two orders of DCIT, Circle – 2(2), dated 21.04.2021 and 19.04.2021. The relevant Assessment Years are 2012-13 and 2017-18 respectively.

Assessee vide application dated 15.01.2024 submitted that assessee wants to withdraw the appeals as the assessee intends to resolve the issue under the “Mutual Agreement Procedure” as per Article 27 of the Agreement between the Government of India and the Government of Singapore to avoid double taxation. The prayer so made is accepted and the appeals are dismissed as withdrawn.

In the result, appeals filed by the assessee are dismissed as withdrawn.