M.C Modi Educational Trust, Secunderabad V. ITO Ward-1(2), Hyderabad

ITA 207/Hyd/2021

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 7385 (ITAT-HYDERABAD)
• Duration Of Justice: 9 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-03-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Assessment Year: 2016-2017
• Appeal Filed On: 30-05-2021
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Revision of order
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “B”: HYDERABAD (THROUGH VIRTUAL CONFERENCE) BEFORE SH RI LAXM I PRA SA D SAHU , AC COUNTANT MEMBE R AND SHR I K . N AR ASIM H A C HA RY, JUDI CI AL MEMBER ITA No. 207/H/2021 Assessment Year: 2016-17 M.C. Modi Educational Trust, Secunderabad. PAN – AAATM 5488Q Vs. Income-tax Officer, Ward – 1(2), Hyderabad. (Appellant) (Respondent) Assessee by: Shri Darshan Jakharia for Shri Laxminiwas Sharma Revenue by: Shri Rohit Mujumdar Date of hearing: 07/03/2022 Date of pronouncement: 08/03/2022 O R D E R PER Bench: This appeal filed by the assessee is directed against CIT(Exemptions), Hyderabad’s order dated 30/03/2021 involving proceedings u/s 263 of the Income Tax Act, 1961 ; in short “the Act”. 2. At the time of hearing, the assessee has placed on record an application dated 04.03.2022 requesting for the permission to withdraw its appeal. The learned ITA No. 207/Hyd/2021 M.C. Modi Educational Trust, Sec’bad. . :- 2 -: Departmental Representative did not raise any objection to such prayer. We, therefore, permit the assessee to withdraw its appeal, which hereby stands dismissed as withdrawn. 3. In the result, assessee’s appeal is dismissed in above terms. Pronounced in the open court on 8 th March, 2022. Sd/- Sd/- (K. NARASIMHA CHARY) (L.P. SAHU) JUDICIAL MEMBER ACCOUNTANT MEMBER Hyderabad, Dated: 8 th March, 2022. kv copy to : 1 M.C. Modi Educational Trust, 5-4-187/3 & 4, Soham Mansion, M.G. Road, Hyderabad. 2 ITO, Exemption, Ward – 1(2), Hyderabad. 3 CIT(Exemptions) , Hyderabad 4 ITAT, DR, Hyderabad 5 Guard File.