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Facts
The assessee, Amrita Heart Care Foundation, filed an appeal against an order of the Commissioner of Income Tax (Exemption), Kochi, for the Assessment Year 2024-25. During the proceedings, the assessee's counsel filed a letter indicating the intent to withdraw the appeal, as the CIT (Exemption) had granted approval in Form 10AS.
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 Consequently, the appeal filed by the assessee was dismissed as withdrawn.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 the appeal after obtaining the necessary approval from the CIT (Exemption).
Sections Cited
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, COCHIN BENCH
Before: SHRI INTURI RAMA RAO, AM & SHRI KESHAV DUBEY, 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 20.03.2024 for Assessment Year (AY) 2024-25.
When the matter was called on the learned counsel for the assessee filed a letter stating that the appellant intends to withdraw the appeal, as the CIT (Exemption), Kochi granted approval in Form 10AS vide order dated 24.10.2024. Accordingly, we permit the assessee to withdraw the appeal.
Order pronounced in the open court on 19th February, 2025.