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Facts
The assessee filed an appeal against an order from the Commissioner of Income Tax (Exemption) for Assessment Year 2024-25. During the hearing, the assessee's counsel submitted a petition to withdraw the appeal. The withdrawal was requested because the CIT (Exemption) had subsequently granted approval in Form 10AD on 25.04.2024, an approval that was initially denied.
Held
The tribunal permitted the assessee to withdraw the appeal. Consequently, the appeal filed by the assessee was dismissed as withdrawn.
Key Issues
Whether the assessee should be allowed to withdraw its appeal after the Commissioner of Income Tax (Exemption) granted the previously denied approval in Form 10AD.
Sections Cited
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Income Tax Appellate Tribunal, COCHIN BENCH
Before: SHRI INTURI RAMA RAO, AM & SHRI SOUNDARARAJAN K., JM
O R D E R Per: Inturi Rama Rao, AM This appeal filed by the assessee is directed against the order of the Commissioner of Income Tax (Exemption), Kochi, dated 21.03.2024 for Assessment Year (AY) 2024-25.
When the matter was called on the learned counsel for the assessee submitted a petition for withdrawal of the appeal stating that the Commissioner of Income Tax (Exemption) granted approval
In the result, appeal filed by the assessee is dismissed as withdrawn. Order pronounced in the open court on 11th March, 2025.