RELIANCE FOUNDATION , MUMBAI V. CIT (EXEMPTION), MUMBAI

ITA 3538/MUM/2019

• Counselvise Citation: [2019] 112 COUNSELVISE.COM (IT) 0425 (ITAT-MUMBAI)
• Duration Of Justice: 6 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-12-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2014-2015
• Appeal Filed On: 24-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: NARENDRA SINGH JANG
• Assessee Lawyers: SH Y AM AMBANI
• Section: 143(3); 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH D MUMBAI BEFORE SHRI AMARJIT SINGH (JUDICIAL MEMBER) AND SHRI N.K. PRADHAN (ACCOUNTANT MEMBER) ITA NO. 3538/MUM/2019 ASSESSMENT YEAR: 2014 - 15 RELIANCE FOUNDATION, 9 TH FLOOR MAKER CHAMBER IV, 222 NARIMAN POINT, MUMBAI - 400021. VS. COMMISSIONER OF INCOME TAX (EXEMPTION) MUMBAI, 6 TH FLOOR, PIRAMAL CHAMBERS, PAREL WEST, MUMBAI - 400012. PAN NO. AAFCR0111H APPELLANT RESPONDENT ASSESSEE BY : MR. SH Y AM AMBANI, AR REVENUE BY : MR. NARENDRA SINGH JANGPANGI, CIT DR DATE OF HEARING : 18/12/2019 DATE OF PRONOUNCEMENT : 18/12/2019 ORDER PER N.K. PRADHAN, A.M. THIS IS AN APPEAL FILED BY THE ASSESSEE. THE RELEVANT ASSESSMENT YEAR IS 2014 - 15. THE APPEAL IS DIRECTED AGAINST THE ORDER U/S 263 OF THE INCOME TAX ACT 1961, (THE ACT) PASSED BY THE COMMISSIONER OF INCOME TAX (EXEMPTION), MUMBAI [IN SHORT CIT]. 2. AT THE START OF HEARING, THE LD. COUNSEL FOR THE ASSESSEE FILES AN APPLICATION STATING THAT ALL THE DETAILS PURSUANT TO THE DIRECTIONS GIVEN IN THE ORDER U/S 263 BY THE CIT WERE FURNISHED BEFORE THE AO AND HE HAS MADE THE ASSESSMENT U/S 143(3) R.W.S 263 W ITHOUT MAKING ANY FURTHER ADDITION TO THE INCOME. THUS IT IS STATED BY HIM THAT THE ASSESSEE WOULD RELIANCE FOUNDATION ITA NO. 3538/MUM/2019 2 LIKE TO WITHDRAW THE PRESENT APPEAL, SINCE IT IS NO LONGER REQUIRED TO BE PURSUED. THE LD. DEPARTMENTAL REPRESENTATIVE (DR) HAS NO OBJECTION TO THE APPLIC ATION OF THE ASSESSEE FOR WITHDRAWING THE APPEAL. 3. CONSIDERING THE ABOVE CONTENTIONS, THE APPEAL FILED BY THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 18/12/2019. SD/ - SD/ - (AMARJIT SINGH) (N.K. PRADHAN) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI ; DATED: 18/12/2019 RAHUL SHARMA, SR. P.S. COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT. 3. THE CIT(A) - 4. CIT 5. DR, ITAT, MUMBAI 6. GUARD FILE. BY ORDER, //TRUE COPY// (DY./ASSTT. REGISTRAR) ITAT, MUMBAI