M/S.ST.PAULS CONVENT ENGLISH SCHOOL,TRICHUR vs THE PR.CIT, (EXEMPTIONS),KOCHI, KOCHI

Income Tax Appellate Tribunal, COCHIN BENCH, COCHIN

Before: Shri Sanjay Arora, AM &Shri Manomohan Das, JM

For Appellant: Shri P.J. Johney, CA

For Respondent: Shri Sajit Kumar Das, CIT- DR

Hearing: 14.07.2023

O R D E R

Per Sanjay Arora, AM:

This is an Appeal by the Assessee, directed against the order under section 10(23C)(vi)of the Income-tax Act, 1961 (‘the Act’) dated 29.08.2022 by the Principal Commissioner of Income Tax (Exemptions), Kochi [PCIT] for assessment year (AY) 2016-2017.

The learned counsel for the assessee, Shri P.J. Johney, appears and submits that the assesse wishes to withdraw it’s appeal. And, accordingly, requests for permission for the same. The reason, he explains, is on account of change in law by Finance Act, 2020 w.e.f. 01.04.2021 proscribing any entity from holding simultaneously registration under section 12AA as well as approval under section 10(23C)(vi) of the Act. The approval once allowed is valid for a period of five years, only whereupon renewal is to be sought. The ld.CIT-D.R. raises no objection to the assessee’s said request.

(AY 2016-2017) St. Pauls Convent English School v. ITO 3. We have, in view of the foregoing, no hesitation in permitting the assessee to withdraw the appeal. Ordered accordingly.

M/S.ST.PAULS CONVENT ENGLISH SCHOOL,TRICHUR vs. THE PR.CIT, (EXEMPTIONS),KOCHI, KOCHI