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Facts
The assessee, Roop MG Jain Charitable Trust, preferred an appeal against an order of the ld. CIT(Exemptions), Chandigarh. An application was filed to withdraw the appeal, citing that a CBDT Circular had extended the time limit for filing Form 10AB, rendering the present appeal repugnant.
Held
The Tribunal noted the contents of the application for withdrawal. Consequently, the appeal filed by the assessee was dismissed as withdrawn.
Key Issues
Whether an appeal challenging an order of CIT(Exemptions) should be withdrawn if a subsequent CBDT circular extends the time limit for filing Form 10AB, making the original appeal unnecessary.
Sections Cited
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Income Tax Appellate Tribunal, DELHI ‘F’ BENCH,
Before: SHRI N.K. BILLAIYA, & MS ASTHA CHANDRA
PER N.K. BILLAIYA, ACCOUNTANT MEMBER:-
This appeal by the assessee is preferred against the order of the ld. CIT(Exemptions), Chandigarh dated 28.04.2023.
The ld. counsel for the assessee submitted an application dated 21.02.2024 requesting for withdrawal of appeal. It has been stated that since the CBDT has extended the time limit provided for filing Form 10AB vide Circular No. 06/2023 dated 24.05.2023, the present appeal becomes repugnant.
Noting the contents of the application, the appeal is dismissed as withdrawn.
In the result, the appeal of the assessee in is dismissed as withdrawn.
The order is pronounced in the open court on 21.02.2024.