2020 (8) TMI 924 - AT - Income Tax

Assessment u/s 144C - APA between the assessee and the CBDT with reference to the TP issues - HELD THAT - As in view of the Unilateral Advanced Pricing Arrangement APA between the assessee and the CBDT with reference to the TP issues for AY 2011-12, the assessee withdrew its appeal with reference to the grounds challenging the Transfer Pricing TP addition. The Tribunal dismissed the appeal of assessee by its order 2020 (2) TMI 1688 - ITAT BANGALORE . A copy of the APA has also been filed before us. In this appeal by the revenue, the grounds are with reference to TP issues which have been settled in the APA. We are of the view that the appeal of the revenue has become infructuous and accordingly the same is dismissed as infructuous.

Summary

The Appellate Tribunal ITAT Bangalore dismissed the revenue's appeal as infructuous due to the settlement of Transfer Pricing issues in the Unilateral Advanced Pricing Arrangement (APA) between the assessee and the CBDT. The appeal was against the final assessment order passed under the Income-tax Act, 1961. The appeal was dismissed on August 31, 2020.