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Facts
The assessee Trust filed an appeal against the order denying registration u/s.12AB of the Income Tax Act, 1961. Subsequently, the assessee was granted the registration, and therefore wished to withdraw the appeal.
Held
The assessee's grievance was redressed as they were granted the registration. The Department did not raise any objection to the withdrawal of the appeal.
Key Issues
Whether the appeal filed by the assessee is to be dismissed as withdrawn since the grievance has been redressed.
Sections Cited
12AB, 12A(1)(ac)(iii), 12A(1)(ac)(i)
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, ‘C’ BENCH: CHENNAI
Before: SHRI ABY T. VARKEY & SHRI MANOJ KUMAR AGGARWAL
आदेश / O R D E R
PER ABY T. VARKEY, JM:
This is an appeal preferred by the assessee Trust against the order of the Learned Commissioner of Income Tax (Exemptions), (hereinafter in short "the Ld.CIT(E)”), Chennai, dated 26.02.2024, denying the registration u/s.12AB of the Income Tax Act, 1961 (hereinafter in short ‘the Act’) in Form No.10AB u/s.12A(1)(ac)(iii) of the Act.
At the outset, the Ld.AR, Shri T.S. Lakshmi Venkataraman, brought to our notice that assessee have been granted registration (AY -) Pappu Palanisamy Educational Trust u/s.12A(1)(ac)(i) of the Act, for five (5) years from AYs 2022-23 to 2026- 27 on 27.05.2024. Since, assessee’s grievance has been redressed; therefore, he wishes to withdraw the captioned appeal. The Ld.DR doesn’t raise any objection. Therefore, we allow the assessee to withdraw the appeal.
In the result, appeal filed by the assessee is dismissed as withdrawn.
Order pronounced on the 21st day of August, 2024, in Chennai.