Marga Oli Trust, Chennai V. CIT(Exemptions), Chennai

ITA 218/CHNY/2024

• Counselvise Citation: [2024] 130 COUNSELVISE.COM (IT) 5614 (ITAT-CHENNAI)
• Duration Of Justice: 6 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-08-2024
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 18-08-2024
• Assessment Year: misc
• Appeal Filed On: 24-01-2024
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: ARUN JOSEPH
• Section: 80G

Judgement Text

आयकर अपीलीय अिधकरण, ‘सी’ ᭠यायपीठ,चे᳖ई IN THE INCOME TAX APPELLATE TRIBUNAL ‘C’ BENCH, CHENNAI ᮰ी महावीर ᳲसह, उपा᭟यᭃ एवं ᮰ी एस.आर. रघुनाथा, लेखा सद᭭य के समᭃ BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENTAND SHRI S.R. RAGHUNATHA, ACCOUNTANT MEMBER आयकर अपील सं./ITA Nos.: 218 & 219/CHNY/2024 M/s. Marga Oli Trust, No.40/14, Krishnadoss Road, 4 th Street, Perambur, Chennai – 600 012. PAN: AAFTM 5313B Vs. The Commissioner of Income Tax (Exemption), Chennai (अपीलाथᱮ/Appellant) (ᮧ᭜यथᱮ/Respondent) अपीलाथᱮ कᳱ ओर से/Appellant by : Shri Arun Joseph, FCA ᮧ᭜यथᱮ कᳱ ओर से/Respondent by : Shri Clement Ramesh Kumar, CIT सुनवाई कᳱ तारीख/Date of Hearing : 19.08.2024 घोषणा कᳱ तारीख/Date of Pronouncement : 19.08.2024 आदेश /O R D E R PER BENCH: These appeals by the assessee are arising out of different orders of the Commissioner of Income Tax (Exemption), Chennai dated 29.11.2023 & 30.11.2023, rejecting applications in Form No.10AB filed for seeking registration/approval/recognition u/s.12A(1)(ac)(iii) and clause (iii) of first proviso to sub-section (5) of section 80G of the Income Tax Act, 1961 (hereinafter the ‘Act’) respectively. - 2 - ITA Nos.218 & 219/Chny/2024 2. At the outset, the ld.AR for the assessee made statement at bar that he has instructions from assessee to withdraw these two appeals. Hence, he requested for permitting withdrawal. On being asked, he stated the reason that the assessee has already applied for registration / approval and filed applications u/s.12(1)(ac)(iii) and 80G(5)(iii) of the Act, due to the extension in time limit till 30.06.2024 vide CBDT Circular No.7/2024 dated 25 th April, 2024. Hence, the assessee wants to withdraw these appeals. When confronted, the ld.CIT-DR has not objected to the same. Hence, withdrawal is permitted and these two appeals are dismissed as withdrawn. 3. In the result, both the appeals filed by the assessee are dismissed as withdrawn. Order pronounced in the open court at the time of hearing on 19 th August, 2024 at Chennai. Sd/- Sd/- (एस. आर. रघुनाथा) (S.R. RAGHUNATHA) लेखा सद᭭य/ACCOUNTANT MEMBER (महावीर ᳲसह ) (MAHAVIR SINGH) उपा᭟यᭃ /VICE PRESIDENT चे᳖ई/Chennai, ᳰदनांक/Dated, the 19 th August, 2024 RSR - 3 - ITA Nos.218 & 219/Chny/2024 आदेश कᳱ ᮧितिलिप अᮕेिषत/Copy to: 1. अपीलाथᱮ/Appellant 2. ᮧ᭜यथᱮ/Respondent 3. आयकर आयुᲦ /CIT, Chennai 4. िवभागीय ᮧितिनिध/DR 5. गाडᭅ फाईल/GF.