Business Process Outsourcing, Llc v. The Authority For Advance Rulings (Income Tax), Mumbai And Another

VISHALSUBHASHPAREKAR Digitally signed byVISHAL SUBHASHPAREKARDate: 2022.03.0918:33:14 +0530 IN THE HIGH COURT OF JUDICATURE AT BOMBAYAPPELLATE CIVIL JURISDICTION WRIT PETITION NO.8497 OF 2018 Business Process Outsourcing, LLC ...Petitioner vs.The Authority For Advance Rulings(Income Tax), Mumbai and Another ...Respondents Mr. Percy Pardiwala, Sr. Advocate a/w. Mr. Ashish Sodhani i/b.Nishith Desai Associates, for the Petitioner.Mrs. Shehnaz Bharucha, for the Respondent Nos. 1 to 3. CORAM :K.R. SHRIRAM &N. J. JAMADAR, JJ.DATE :MARCH 08, 2022 P.C.: .Mr. Pardiwalla, for Petitioner seeks leave to withdraw thePetition in view of a message received on 17[th] February, 2022received by Petitioner from the International Tax Ward-1(3)(2),Mumbai which is taken on record and marked “X” for identification.Mr. Pardiwalla further states that by order dated 22[nd] March, 2019an amount of US Dollars 10 million was directed to be maintained inEscrow by Petitioner. Mr. Pardiwalla states in view of thecommunication dated 17[th] February, 2022 Petitioner be dischargedof the obligation to maintain US Dollars 10 million in Escrow andPetitioner be permitted to withdraw the US Dollars 10 million. Forcase of reference message dated 17[th] February, 2022 is scanned andre-produced below: 2.Ms. Bharucha states that Respondents have no objection and relies on a message received by her yesterday 7[th] March, 2021which is taken on record and marked “X1” for identification. The said message for case of reference is scanned and reproduced below. 3.In the circumstances, Petition dismissed as withdrawn. 4.Petitioner is discharged of its obligation to maintain USDollars 10 million in Escrow account and permitted to withdrawthe said amount together with interest, if any. (N. J. JAMADAR, J.) (K. R. SHRIRAM, J.)