Standard Chartered Global Business Services Pvt. Ltd. Vs. The Principal Commissioner of Income Tax-3, Chennai

Parties Involved

Facts Summary

This appeal was filed by the assessee, Standard Chartered Global Business Services Pvt. Ltd., against the order of the Principal Commissioner of Income Tax, Chennai-3 dated 31.03.2024, passed under section 263 of the Income Tax Act, 1961. The relevant Assessment Year is 2018-19. During the hearing, the Learned Authorized Representative (Ld. AR) for the assessee submitted that the assessee wishes to withdraw the appeal. A letter dated 27.01.2026 was also filed by the assessee seeking the withdrawal of the appeal.…

Legal Issues

• 1. Whether the appeal should be dismissed as the assessee wishes to withdraw it.

Judgment Outcome

Decided in favour of Assessee.

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