MANGAL SINGH HEALTHCARE FOUNDATION,DHANAURA AMROHA vs. CIT (EXEMPTIONS), LUCKNOW

None appeared on behalf of the assessee. However, an application for withdrawal of appeal has been filed by the assessee wherein it has submitted as under: “The aforesaid appeal under reference has been filed by the appellant against the order of CIT, Exemption, Lucknow passed u/s 12AA(1)(b)(ii) of the Act, on 19.12.20218, wherein the application for obtaining registration under 12(A), as filed by the assessee, has been rejected.

Now, vide Finance Act, 2021, the exemption limit u/s 10(23C)(iiiae) has been increased form Rs.1 Crore to Rs.5 Crores, and the assessee trust is very much certain that its ‘Annual Aggregate Receipts’ would not exceed Rs.5 Crore in the forth coming years. Therefore, the assessee is not willing to pursue its registration application u/s 12A of the Act, as above. In view of the above facts, your honors is very humbly requested to kindly allow withdrawal of the appeal of the appellant as referred above, by issuing necessary order.

Per contra, the ld. DR for the Revenue submitted that he has no objection to such withdrawal application per se.

In the light of the aforesaid application by the assessee for withdrawal of the appeal, the appeal is dismissed as withdrawn.

In the result, the appeal of the assessee is dismissed in limine.