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Income Tax Appellate Tribunal, Hyderabad ‘ A ‘ Bench, Hyderabad
Before: Shri Vijay Pal Rao, Vice-Shri Madhusudan Sawdia
Per Vijay Pal Rao, Vice President
This appeal filed by the assessee is directed against the assessment order, dated 27/01/2022 of the NFAC Delhi, relating to A.Y.2017-18.
At the time of hearing, the learned Counsel for the assessee has submitted that the T.P. issue involved in the appeal of the assessee is now got resolved, in view of the acceptance of MAP between the competent authority of India & USA under DTAA. He has filed a copy of the communication, dated
Page 1 of 2 of 2022 Microsoft Global Services Centre India P Ltd Hyderabad 06/11/2024 issued by the Indian competent authority, informing the assessee about the resolution under MAP proceedings for the A.Y under consideration. The learned AR has pleaded that the assessee does not want to pursue the present appeal and wishes to withdraw the present appeal. The assessee has also filed a letter dated 14/11/2024 seeking permission to withdraw the present appeal.
The learned DR has raised no objection, if the present appeal of the assessee is dismissed as withdrawn.
Accordingly, in view of the resolution under MAP proceedings, the appeal of the assessee is dismissed being withdrawn.