Resolution of Agilent Technologies’ 2011-12 Tax Dispute

Introduction

Agilent Technologies India Pvt. Ltd. faced significant tax disputes for the assessment year 2011-12, which were brought before the Income Tax Appellate Tribunal, Delhi Bench ‘I-1’.

Dispute Background

The disputes concerned the final assessment orders issued by the Assessing Officer under the guidance of the Dispute Resolution Panel (DRP). These disputes were initially part of a broader issue encompassing multiple assessment years, including 2006-07.

Resolution Process

During the proceedings, held via video conferencing due to pandemic protocols, the counsel for Agilent Technologies, on receiving corrective actions by the Assessing Officer which adjusted the arm’s length price (ALP) to nil, sought to withdraw the appeals for the assessment year 2011-12. The tribunal, recognizing the resolution of the underlying issues through rectification orders under Section 154 of the Income-Tax Act, 1961, allowed the withdrawal.

Conclusion of the Appeals

The appeals were effectively dismissed as withdrawn by the tribunal, headed by Shri Saktijit Dey, Judicial Member, and Shri Anandee Nath Mishra, Accountant Member. This dismissal confirmed the successful resolution of the disputes without further contestation.

Resolution of Agilent Technologies’ 2011-12 Tax Dispute