ITAT allows to withdrawn appeal challenging TP Adjustment due to APA

Citizen Watches (India) Pvt. Ltd. Vs. ACIT (ITAT Bangalore) In the instant case, ITAT allows the assessee to withdrawn the appeal filed for challenging the transfer pricing (TP) adjustment due to Advance pricing agreement (APA) filed u/s 92CC of the Income tax Act. FULL TEXT OF THE ITAT JUDGEMENT This appeal at the instance of assessee is directed against the assessment. order passed under Section 143(3) r.w.s. 144C(13) of the Income Tax Act, 1961 (‘the Act’). The relevant Assessment Year is 2011-12. 2. The learned Authorised Representative submitted that the assessee has entered i...