2020 (1) TMI 1357 - SCH - Income Tax

Exemption u/s 11 - Charitable activities - applicability of Section 11(23) r.w.s. 2(15) - Maintainability of appeal - low tax effect - HELD THAT - Learned counsel for the appellant, on instructions issued by the Department of Revenue, Ministry of Finance vide F.No.390/Misc./116/2017-JC dated 22.08.2019, seeks permission to withdraw this appeal along with pending applications therein due to low tax effect. Permission granted, subject to just exceptions.

Summary

The Supreme Court of India allowed the appellant to withdraw the appeal and pending applications due to low tax effect. The appeal and applications were dismissed as withdrawn, leaving questions of law open.