PRAYAGDHAM TRUST,MUMBAI vs. ITO (EXEM.) -2(2), MUMBAI

The captioned appeals filed by the assessee are directed against the respective orders passed by the CIT(A)-1, Mumbai, dated 21.03.2018 for A.Y. 2012-13, A.Y. 2013-14 and A.Y. 2014-15, which in turn arises from the respective assessments framed for the aforementioned years under Sec. 143(3) of the Income-tax Act, 1961 (for short ‘Act’).

At the very outset of the hearing of the appeal, the ld. Authorized Representative (for short ‘A.R’) for the assessee had sought the permission of the Tribunal for withdrawal of the aforesaid appeals. The ld. A.R had placed on record letters dated 30.09.2019, wherein the assessee had sought leave of the Tribunal for withdrawing the captioned appeals. 3. On a perusal of the aforesaid letters, it appears that the assessee seeks to withdraw the captioned appeals for two reasons, viz. (i) the filing of the appeals was backed by a misconception as regards the order of the CIT(A) pertaining to the entitlement of the assessee