DR PANDHIS SMALL IDEAS GREAT IDEAS TRUST,LUDHIANA vs. CIT EXEMPTIONS CHANDIGARH, CHANDIGARH

आयकर अपीलीय अिधकरण,च"ीगढ़ "ायपीठ “बी” , च"ीगढ़ IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH “B”, CHANDIGARH HEARING THROUGH: PHYSICAL MODE "ी िव"म िसंह यादव, लेखा सद" एवं "ी परेश म. जोशी, "ाियक सद" BEFORE: SHRI. VIKRAM SINGH YADAV, AM & SHRI. PARESH M. JOSHI, JM आयकर अपील सं./ ITA NO. 193/Chd/2024 िनधा"रण वष" / Assessment Year : 2024-25 DR PANDHIS SMALL IDEAS GREAT बनाम The CIT (Exemptions), IDEAS TRUST, Chandigarh 50, Partap Colony, Model Gram, Ludhiana "ायी लेखा सं./PAN NO: AADTD9949A अपीलाथ"/Appellant ""थ"/Respondent िनधा"रती की ओर से/Assessee by : None (Withdrawal Application) राज" की ओर से/ Revenue by : Smt. Kusum Banasal, CIT, DR सुनवाई की तारीख/Date of Hearing : 11/09/2024 उदघोषणा की तारीख/Date of Pronouncement : 13/09/2024 आदेश/Order PER PARESH M. JOSHI, J.M. : This is an appeal filed by the Assessee against the order of the Ld. CIT(E), Chandigarh dt. 28/12/2023. 2. During the course of hearing nobody was present on behalf of the assessee, however a withdrawal application has been furnished, contents of which read as under: Subject: Petition for Withdrawal of Appeal Respected Sir/Madam, We, DR. PANDHI'S SMALL IDEAS GREAT IDEAS TRUST, represented herein by Chairman, Sat Bhushan Pandhi hereby submit this petition seeking withdrawal of the Appeal. The details of the appeal are as follows: i Appeal No.: ITA193/CHANDI/2024 ii Assessment Year: 2024-25 iii Name of Appellant: DR. PANDHI'S SMALL IDEAS GREAT IDEAS TRUST, Ludhiana iv Date of Filingof Appeal: 26-02-2024

We wish to withdraw the aforementioned appeal, which was primarily based on the grounds that the registration of Trust under clause (iii) of the first proviso of section 80G (5) of the Income Tax Act, 1961, was rejected due to the inability to file the required documents before the due date, owing to technical glitches in the Income Tax Website. However, subsequent to the filing of the appeal and during the pendency of proceedings before the esteemed Tribunal, the Central Board of Direct Taxes (CBDT) issued Circular No. 7/2024 dated 25.04.2024. This circular extended the due date up to 30.06.2024 for filing Form 10AB for registration of Trust under clause (iii) of the first proviso of section 80G (5) of the Income Tax Act, 1961. The issuance of this circular effectively addresses the primary grounds on which the appeal was based. In light of this significant development and the subsequent rectification of the issue that led to the rejection of registration, we have reassessed the necessity of pursuing the appeal before the ITAT. Therefore, we respectfully request the Honorable Tribunal to consider this petition, for withdrawal of appeal and grant the necessary approval at the earliest convenience. We assure your good-self of my full cooperation in completing any formalities or procedures associated with the withdrawal process. Thank you for your good-self attention to this matter.

Order pronounced in the open Court on 13/09/2024 िव"म िसंह यादव परेश म. जोशी ( VIKRAM SINGH YADAV) (PARESH M. JOSHI) लेखा सद"/ ACCOUNTANT MEMBER "ाियक सद" / JUDICIAL MEMBER AG आदेश क" "ितिलिप अ"ेिषत/ Copy of the order forwarded to : 1. अपीलाथ"/ The Appellant

आदेशानुसार/ By order, सहायक पंजीकार/