2024 (5) TMI 1364

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.... A.R.) ORDER PER RAJ KUMAR CHAUHAN (J.M.): 1. This appeal bearing ITA No. 420/MUM/2024 for the assessment year 2023-24 is directed against the order of Learned Commissioner of Income Tax, (Exemptions), Mumbai [hereinafter referred to as the "CIT(E)"] passed under section 250 of the Income Tax Act, 1961 [hereinafter referred to as "the Act"] dated 05.12.2023, who has dismissed an applicati....

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.... matter in brief is that the appellant filed an application before the Ld. CIT (E) in form no. 10AB for registration of its charitable trust under section 80G(5) for claiming exemption and deduction under section 80G(5) in respect of the donation to the charitable institution. Vide impugned order dated 05.12.2023, the Ld. CIT(E), appellant's application under section 80G(5) in form no. 10AB was re....

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....erewith as Annexure I Para 4.1 of the CBDT Circular reads as under: "Further in cases where any trust, institution or fund has already made an application Form 10AB, and where the Principal Commissioner or Commissioner has passed an order rejecting such application, on or before the issuance of this Circular, solely on account of the fact that the application was furnished after the due d....

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.... 5. During arguments the Ld. DR on behalf of the revenue did not oppose the application for withdrawal of the present appeal. We have considered the rival submissions and also gone through the contents of the withdrawal application. It is evident that the said withdrawal application has been filed on the basis of circular dated 25.04.2024 issued by the CBDT bearing circular no. 7/2024 extending ....