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Facts
K.A. Mathew Foundation, the assessee, filed an appeal against an order of the Commissioner of Income Tax (Exemption), Kochi for Assessment Year 2024-25. During the hearing, the assessee's counsel sought to withdraw the appeal as the CIT (Exemption) had subsequently granted the required approval in Form 10AS.
Held
The Tribunal permitted the assessee to withdraw the appeal, acknowledging that the CIT (Exemption) had already granted the necessary approval in Form 10AS. Consequently, the appeal filed by the assessee was dismissed as withdrawn.
Key Issues
Whether the assessee's appeal against the Commissioner of Income Tax (Exemption) order could be withdrawn following the subsequent grant of approval in Form 10AS.
Sections Cited
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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 22.03.2024 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
In the result, appeals filed by the assessee are dismissed as withdrawn.
Order pronounced in the open court on 19th February, 2025. 4.