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Facts
The assessee's appeals were filed against orders of the CIT (Exemption) rejecting applications for registration under Section 12A(1)(ac)(iii) and approval under Section 80G of the Income Tax Act. The assessee's AR requested to withdraw these appeals.
Held
The assessee requested withdrawal of the appeals as they had already applied for registration/approval, citing an extended timeline. The CIT-DR did not object, and the withdrawal was permitted.
Key Issues
Whether the assessee's appeals, filed against the rejection of registration/approval applications, can be permitted to be withdrawn.
Sections Cited
12A(1)(ac)(iii), 80G(5)(iii)
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, ‘C’ BENCH, CHENNAI
Before: SHRI MAHAVIR SINGHAND SHRI S.R. RAGHUNATHA
अपीलाथ� क� ओर से/Appellant by : Shri Arun Joseph, FCA ��यथ� क� ओर से/Respondent by : Shri Clement Ramesh Kumar, CIT सुनवाई क� तारीख/Date of Hearing : 19.08.2024 घोषणा क� तारीख/Date of Pronouncement : 19.08.2024 आदेश /O R D E R PER BENCH: These appeals by the assessee are arising out of different orders of the Commissioner of Income Tax (Exemption), Chennai dated 29.11.2023 & 30.11.2023, rejecting applications in Form No.10AB filed for seeking registration/approval/recognition u/s.12A(1)(ac)(iii) and clause (iii) of first proviso to sub-section (5) of section 80G of the Income Tax Act, 1961 (hereinafter the ‘Act’) respectively.
& 219/Chny/2024 2. At the outset, the ld.AR for the assessee made statement at bar that he has instructions from assessee to withdraw these two appeals. Hence, he requested for permitting withdrawal. On being asked, he stated the reason that the assessee has already applied for registration / approval and filed applications u/s.12(1)(ac)(iii) and 80G(5)(iii) of the Act, due to the extension in time limit till 30.06.2024 vide CBDT Circular No.7/2024 dated 25th April, 2024. Hence, the assessee wants to withdraw these appeals. When confronted, the ld.CIT-DR has not objected to the same. Hence, withdrawal is permitted and these two appeals are dismissed as withdrawn.
In the result, both the appeals filed by the assessee are dismissed as withdrawn.
Order pronounced in the open court at the time of hearing on 19th August, 2024 at Chennai.