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Facts
The assessee filed an appeal against the CIT (Exemptions)'s order rejecting its application for exemption under Section 80G(5)(iii) of the Income Tax Act. During the hearing, the assessee's representative informed the Tribunal that the assessee had already been granted exemption under Section 80G by the PCIT and requested to withdraw the appeal.
Held
The Tribunal noted that the Departmental Representative had no objection to the withdrawal. Consequently, the Tribunal permitted the assessee to withdraw the appeal, which was then dismissed as withdrawn.
Key Issues
Whether an appeal against the rejection of a Section 80G(5)(iii) exemption application should be allowed to be withdrawn when the assessee has already secured the 80G exemption from another authority.
Sections Cited
Section 80G(5)(iii), Section 80G
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, AMRITSAR BENCH, AMRITSAR.
Before: SH. UDAYAN DAS GUPTA & SH. BRAJESH KUMAR SINGH
ORDER Per: Brajesh Kumar Singh, AM: This is an appeal filed by the assessee against the order of Ld. CIT (E) dated 13/11/2024, rejecting its application filed in Form No.10AB u/s 80G(5)(iii) of the Income Tax Act.
At the very outset, the ld. A. R. submitted an application and informed that the assessee has already been granted exemption u/s 80G vide order dated 18.03.2025 by the ld. PCIT and requested the Bench to grant permission to withdraw the present appeal.
Learned D. R. has no objection. Accordingly, we permit the assessee to withdraw the present appeal.
In the result, the appeal of the assessee is dismissed as withdrawn.
Order pronounced in the open court on 27.05.2025