NANDLAL TOLANI CHARITABLE TRUST, MUMBAI V. ACIT CEN CIR 17 & 28, MUMBAI

ITA 1112/MUM/2011

• Counselvise Citation: [2015] 140 COUNSELVISE.COM (IT) 92425 (ITAT-MUMBAI)
• Duration Of Justice: 4 year(s) 2 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-04-2015
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Next Hearing Date: 28-04-2015
• Assessment Year: 2003-2004
• Appeal Filed On: 07-02-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: VIJAY KUMAR BORA
• Assessee Lawyers: S M AGRAWAL
• Keywords: Charitable institution

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH G , MUMBAI BEFORE SHRI VIJAY PAL RAO, JUDICIAL MEMBER AND SHRI B.R. BASKARAN, ACCOUNTANT MEMBER ITA NO. 1112/M/2011 ASSESSMENT YEAR: 200 3 - 04 M/S. NANDLAL TOLANI CHARITABLE TRUST, 10 - A, BAKHTAWAR, NARI MAN POINT, MUMBAI 400 0 21 PAN: AAATN 0043Q VS. A CIT CENTRAL CIRCLE 17 & 28, MUMBAI (APPELLANT) (RESPONDENT) PRESENT FOR: ASSESSEE BY : SHRI S.M. AGRAWAL , A.R. REVENUE BY : SHRI VIJAY KUMAR BORA , D.R. DATE OF HEARING : 2 8 .04. 201 5 DATE OF PRONOUNCEMENT : 28.04.2015 O R D E R PER VIJAY PAL RAO , JUDICIAL MEMBER: THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER DATED 29 . 1 0 .201 0 OF CIT(A) FOR THE ASSESSMENT YEAR 200 3 - 0 4 . THE A SSESSEE H AS FILED AN APPLICATION/LETTER DATED 24.04.15 STATING THAT THE ASSESSING OFFICER HAS GIVEN APPEAL EFFECT OF THE IMPUGNED ORDER OF THE CIT(A) AND COMPUTED TAXABLE INCOME AT NIL AFTER ALLOWING DEDUCTION ON ACCOUNT OF INCOME APPLIED FOR OBJECT OF TRU ST AND THEREFORE THERE IS NO BALANCE LEFT OVER TO BE TAKEN. THE ASSESSEE HAS ALSO ANNEXED THE ORDER DATED 26.01.11 GIVING EFFECT TO THE CITS(A) ORDER. T HUS THE ASSESSEE HAS REQUESTED THAT THE ASSESSEE MAY BE ALLOWED TO WITHDRAW THE PRESENT APPEAL AND TH E SAME MAY BE DISMISSED AS WITHDRAWN. ITA NO. 1112 /M/2011 M/S. NANDLAL TOLANI CHARITABLE TRUST 2 THE LD. D.R. HAS RAISED NO OBJECTION IF THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. 2. IN VIEW OF THE REQUEST MADE BY THE ASSESSEE, WE ALLOW THE ASSESSEE TO WITHDRAW THE PRESENT APPEAL AND ACCORDINGLY TH E APPEAL OF THE ASSESSEE IS DISMISSED BEING WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 28 .04. 201 5 . SD/ - SD/ - ( B.R. BASKARAN ) ( VIJAY PAL RAO ) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI, DATED: 28 .04.2015 . * KISHORE , SR. P.S. COPY TO: THE APPELLANT THE RESPONDENT THE CIT, CONCERNED, MUMBAI THE CIT ( A) CONCERNED, MUMBAI THE DR CONCERNED BENCH //TRUE COPY// [ BY ORDER DY/ASSTT. REGISTRAR, ITAT, MUMBAI.