ITAT Delhi Judgments — May 2022

The tribunal allowed the assessee's request to withdraw the appeal. This was based on the assessee availing the Vivad Se Vishwas scheme and the department issuing Form No. 4.

The Tribunal noted that the assessee had opted for the Vivad se Vishwas scheme. Consequently, the appeal was rendered infructuous.

The Tribunal allowed the assessee to withdraw the appeal as it had availed the Vivad se Vishwas scheme. Liberty was granted to seek recall of the order if unforeseen circumstances arose.

The assessee's counsel stated that the assessee was not interested in pursuing the appeal and requested its withdrawal. The Tribunal considered this request.

The Tribunal dismissed the assessee's appeal as withdrawn, subject to the condition that if the dispute is not resolved under the VSV Act, the assessee can seek reinstitution of the appeal.

The Tribunal accepted the assessee's request for withdrawal of the appeal. Consequently, the appeal was dismissed as withdrawn.

The Tribunal held that the orders of the TPO and the Dispute Resolution Panel (DRP) were well-reasoned. Consequently, the addition made by the Assessing Officer on account of the adjustment in the Arm's Length Price (ALP) of international transactions with AEs was confirmed.