MCKINSEY & COMPANY INC., MUMBAI V. DCIT (IT) 3(2)(1), MUMBAI

ITA 1768/MUM/2016

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 0452 (ITAT-MUMBAI)
• Duration Of Justice: 3 year(s) 5 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-09-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: K
• Assessment Year: 2011-2012
• Appeal Filed On: 23-03-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

1 IN THE INCOME TAX APPELLATE TRIBUNAL J BENCH, MUMBAI , , BEFORE HONBLE SHRI MAHAVIR SINGH, JM AND HONBLE SHRI MANOJ KUMAR AGGARWAL, AM ./ I.T.A. NO.1768/MUM/2016 ( / ASSESSMENT YEAR:2011-12) MCKINSEY & COMPANY INC. C/O SRBC & ASSOCIATES LLP 14TH FLOOR, THE RUBY SENAPATI BAPAT MARG, DADAR (W) MUMBAI-400 028. / VS. D CIT (INT. TAXATION) - 3 ( 2 ) ( 1 ) SCINDIA HOUSE BALLARD ESTATE MUMBAI 400 038 ./ ./PAN/GIR NO. AAACM-8361-R ( /APPELLANT ) : ( / RESPONDENT ) / APPELLANT BY : SHRI DIVESH CHAWLA, LD.AR / RESPONDENT BY : SHRI ANAND MOHAN LD. CIT-DR / DATE OF HEARING : 12/09/2019 !'# / DATE OF PRONOUNCEMENT : 12/09/2019 / O R D E R MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER): - 1. AFORESAID APPEAL BY ASSESSEE FOR ASSESSMENT YEAR [AY] 2011-12 CONTEST FINAL ASSESSMENT ORDER DATED 18/01/2016 ON CERTAIN GROUNDS OF APPEAL. 2 2. THE LD. AR, AT THE OUTSET, PLACED ON RECORD LETT ER DATED 12/09/2019 TO SUBMIT THAT THE COMPETENT AUTHORITIES OF INDIA AND US HAVE RESOLVED THE CASE UNDER THE PROVISIONS OF ARTICLE 27 OF INDIA-US TAX TREATY AND THE ASSESSEE HAS ACCEPTED THE TERMS OF THE AGREEMENT. A CCORDINGLY, THE ASSESSEE WISHES TO WITHDRAW THE AFORESAID APPEAL. T HE REVENUE DID NOT RAISE ANY OBJECTION AGAINST THE WITHDRAWAL OF THE A PPEAL. 3. KEEPING IN VIEW THE AFORESAID SUBMISSIONS, THE A PPEAL IS DISMISSED AS NOT PRESSED. ORDER PRONOUNCED IN THE OPEN COURT ON 12 TH SEPTEMBER, 2019. SD/- SD/- (MAHAVIR SINGH) (MANOJ KUMAR AGGARWAL) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 12/09/2019 SR.PS:-JAISY VARGHESE ! '! / COPY OF THE ORDER FORWARDED TO : 1. ;< / THE APPELLANT 2. =>;< / THE RESPONDENT 3. ? ( ) / THE CIT(A) 4. ? / CIT CONCERNED 5. @A =BC , C , / DR, ITAT, MUMBAI 6. AEFG / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI.