PRAKASH DNYANASHAKTI CHARITABLE TRUST., MUMBAI V. CIT EXEMPTION, PUNE, PUNE

ITA 1388/MUM/2023

AI Insights

The case involved the Prakash Dnyanashakti Charitable Trust, which appealed against the decision of the CIT(Exemption), Pune, rejecting their application for recognition under section 80G of the Income Tax Act. This section is crucial as it pertains to the tax exemptions available to charitable trusts. However, before the tribunal could deliberate on the merits of the case, the trust submitted a letter withdrawing their appeal. The Departmental Representative did not object to this withdrawal, leading to the dismissal of the appeal as withdrawn.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 123939 (ITAT-MUMBAI)
• Duration Of Justice: 2 month(s) 4 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-06-2023
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Next Hearing Date: 29-06-2023
• Assessment Year: misc
• Appeal Filed On: 24-04-2023
• Laws Referred To: Section 80G of the I.T. Act
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: LETTER DT. ..
• Keywords: Charitable institution
• Section: 80G

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI ‘C’ BENCH, MUMBAI. Before Shri B.R. Baskaran (AM) & Shri Amit Shukla (JM) I.T.A. No. 1388/Mum/2023 (A.Y. 2023-24) Prakash Dnyanashakti Charitable Trust 32A/B, Vishnu Darshan CHS Opp Hotel Sun and Shade Katrap Road, Badlapur Maharashtra-421 503. PAN : AACTP5368C V s. CIT(Exemption) Room No. 322, 3 rd Floor, Income tax Office, PMT, Shankar Seth Road, Pune Maharasthra 411 002. (Appellant) (Respondent) Assessee by Letter dt. 26.6.2023 Department by Shri Soumendu Kumar D ate of He a r ing 30.06.2023 D ate of P r onou nc em en t 30.06.2023 O R D E R Per B.R.Baskaran (AM) :- The assessee has filed this appeal challenging the order dated 28.2.2023 passed by the learned CIT(E), Pune rejecting the application filed by the assessee seeking recognition under section 80G of the I.T. Act. 2. The assessee has filed a letter dated 26.6.2023 before the Tribunal, wherein it stated that the assessee seeks to withdraw this appeal. Learned DR did not object to the request made by the assessee. Accordingly, we allow the assessee to withdraw the appeal. 3. In the result, appeal filed by the assessee is dismissed as withdrawn. Pronounced in the open court on 30.6.2023. Sd/- Sd/- (AMIT SHUKLA) (B.R. BASKARAN) Judicial Member Accountant Member Mumbai; Dated : 30/06/2023 Prakash Dnyanashakti Charitable Trust 2 Copy of the Order forwarded to : 1. The Appellant 2. The Respondent 3. The CIT(Judicial) 4. PCIT 5. DR, ITAT, Mumbai 6. Guard File. BY ORDER, //True Copy// (Assistant Registrar) PS ITAT, Mumbai