Nova Nordisk India Pvt. Ltd. v. The Asst. Commissioner of Income-tax, Circle-5(1)(1), Bangalore
[Citation -2019-LL-0919-4]
| Citation | 2019-LL-0919-4 |
|---|---|
| Appellant Name | Nova Nordisk India Pvt. Ltd. |
| Respondent Name | The Asst. Commissioner of Income-tax, Circle-5(1)(1), Bangalore |
| Court | ITAT-Bangalore |
| Relevant Act | Income-tax |
| Date of Order | 19/09/2019 |
| Assessment Year | 2009-10 |
| Judgment | View Judgment |
| Keyword Tags | additional tax demand • mutual agreement • dtaa indo-denmark • transfer pricing adjustment • withdrawal of appeal |
| Bot Summary: | Circle-5(1)(1), Bangalore Respondent Appellant by : Shri Chavali Narayan, CA Revenue by : Miss. Neera Malhotra, CIT Date of hearing : 19-09-2019 Date of pronouncement : 19-09-2019 ORDER PER BENCH: At the outset, Ld.AR submitted Mutual Agreement Procedure has been reached between Danish Competent Authority and Indian competent authority, as per the terms of double taxation avoidance agreement between India and Denmark for transfer pricing adjustments made in case of assessee for assessment years 2009- 10 and 2012-13. He further submitted that assessee filed acceptance of MAP resolution with the Assessing Officer and has IT(TP)A Nos.464 525(B)/2017 2 discharged the additional tax demand as per order giving effect passed by Ld.AO, pursuant to the MAP resolution for assessment years 2009-10 and 2012-13. Assessee submitted aforestated facts vide its letter dated 24/07/19 filed with the registry of this Tribunal and has expressed for withdrawal of the appeals filed for assessment years 2009-10 and 2012-13. Ld.CIT,DR do not object to the withdrawal of appeals filed by assessee. Having regard to the aforestated submissions advanced by both sides and on the basis of submissions made by assessee vide letter dated 24/07/19 for assessment years 2009-10 and 2012-13, appeals filed by assessee are allowed to be withdrawn. In the result, present appeals for assessment years 2009-10 and 2012-13 stands dismissed as withdrawn. |