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Facts
The assessee, Streekiran Foundation, filed an application requesting permission to withdraw its appeal. The reason cited for withdrawal was the closure of its operations. The assessee requested the Tribunal to grant permission to withdraw the appeal.
Held
The Tribunal noted that the Ld.DR had no objection to the withdrawal. Consequently, the permission was granted, and the appeal was dismissed as withdrawn. The appeal of the assessee was dismissed accordingly.
Key Issues
Whether the assessee can be permitted to withdraw the appeal, and if so, the consequence on the appeal.
Sections Cited
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Income Tax Appellate Tribunal, MUMBAI BENCH “G”, MUMBAI
Before: SHRI ANIKESH BANERJEE & MISS. PADMAVATHY S
O R D E R Per Anikesh Banerjee (JM) : The assessee vide application dated 7thMay, 2025, has requested for permission to withdraw the appeal, stating as under:- “The Appellant is filing the present application seeking withdrawal of the above- mentioned appeal as it has intended to closed its operations. The Appellant, therefore, requests your honours to kindly grant permission to withdraw the present appeal and oblige.”