HMIL Shareholding (Cultural Activities-1994) Trust. Vs. ITO, Ward-6(1)(1)

Parties Involved

Facts Summary

The assessee, HMIL Shareholding (Cultural Activities-1994) Trust, filed an appeal against an order passed by the Addl. / Joint Commissioner of Income-Tax (Appeals) -1, Mumbai relevant to the Assessment Year 2022-23. The assessee prayed for withdrawal of the appeal as the issues contended in the appeal have been rectified by the CPC in response to a petition under section 154 of the Income Tax Act 1961. The learned DR did not object to the submissions made by the assessee. The Tribunal heard the parties and perused the material on record. The CPC granted relief to the assessee, and therefore, there is merit in the submissions of the assessee. Accordingly, the appeal is dismissed as withdrawn.…

Legal Issues

• 1. Withdrawal of appeal due to rectification of issues by CPC

Judgment Outcome

Decided in favour of Assessee.

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