Arihant Charitable Foundation, Raibag V. Commissioner of Income Tax, Exemption, Bengaluru

ITA 27/PAN/2021

AI Insights

The case involved the Arihant Charitable Foundation, which appealed against an order from the Commissioner of Income Tax (Exemptions), Bangalore. The appeal was related to the foundation's tax-exempt status under section 80G. However, before the tribunal could make a decision, the foundation decided to withdraw the appeal after receiving the necessary approval for tax exemption. This decision was made in consultation with their legal counsel and was formally requested through an application dated 10/08/2023. The Departmental Representative did not object to this withdrawal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 136857 (ITAT-PANAJI)
• Duration Of Justice: 1 year(s) 9 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-08-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: misc
• Appeal Filed On: 21-10-2021
• Laws Referred To: Section 11(i) of the first proviso to sub-section(5) of section 80G
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: BADRINATH YAMAJI

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PANAJI BENCH :: PANAJI BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER & SHRI PARTHA SARATHI CHAUDHURY, JUDICIAL MEMBER (Through virtual hearing) ITA No.27/PAN/2021 Arihant Charitable Foundation Raibag, C/o Mahaveer Bhavan Ankali Road, A/p Raibag, Tal-Raibag, Dist. Belgaum. PAN: AAEAA 4079 N vs CIT (Exemptions), Bengaluru. Appellant Respondent Assessee by : None Revenue by : Shri Badrinath Yamaji Chavan, DR Date of hearing : 17/08/2023 Date of pronouncement : 21/08/2023 O R D E R Per PARTHA SARATHI CHAUDHURY, JM: This appeal preferred by the assessee emanates from the order of Commissioner of Income Tax [Exemptions], Bangalore (for short, ‘CIT(E)’), dated 31.03.2021 as per the grounds of appeal on record. 2. The assessee, by filing application dated 10/08/2023, seeks withdrawal of the appeal stating that society has been granted approval u/sec. 11(i) of first proviso to sub-section(5) of sec.80G on 24/02/2022 vide Unique Regd. No. AAEAA4079NF20217. Therefore, assessee-society had taken decision to withdraw the present appeal in consultation with its legal counsel and sought permission to withdraw this appeal. ITA No.27/PAN/2021 Arihant Charitable Foundation Raibag 2 3. Ld.DR has no objection to the prayer for withdrawal of the appeal. 4. We are of the considered view that the purpose for filing the present appeal is solved, therefore, assessee is permitted to withdraw the present appeal and the same is accordingly dismissed as withdrawn. 5. In the result, appeal of the assessee is dismissed as withdrawn. Order pronounced in open Court on 21 st August, 2023. Sd/- Sd/- (INTURI RAMA RAO) (PARTHA SARATHI CHAUDHURY) ACCOUNTANT MEMBER JUDICIAL MEMBER Dated :21 st August, 2023 vr/- Copy to : 1. The Appellant. 2. The Respondent. 3. The Pr. CIT concerned. 5. The DR, ITAT, Panaji Bench, Panaji. 6. Guard File. By Order // TRUE COPY // Senior Private Secretary ITAT, Pune.