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Tata-Mistry row | Tax tribunal suo moto junks negative remarks on Mistry

The tax body issues a corrigendum saying “critical remarks were due to a typo”.
In an unprecedented move, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has retracted the critical remarks it made on Cyrus Mistry in its recent order that restored the tax-exempt status of the three key Tata Trusts.
In a major moral victory for the past chairman of Tata Group who was unceremoniously sacked on October 24, 2016, the Tribunal issued a corrigendum on Wednesday to its December 28 order saying “the critical remarks were due to a typo”.
The corrigendum issued by president of the tribunal P P Bhatt and vice-president Pramod Kumar, clarifies that the first order made certain “inadvertent references to Mistry because of a few typo errors.” Further, it says in observations on Mr. Mistry one fact that was inadvertently missed out was that the information furnished by Mr. Mistry was in response to a notice from the assessing officer. ....

Pramod Kumar , Cyrus Mistry , Dorabji Tata , Tata Group , Tata Group On , Ratan Tata , Mumbai Bench , Income Tax Appellate Tribunal , Deputy Commissioner , Income Tax , Income Tax Act , Tata Sons , Tata Trusts , Ratan Tata Trust , Dorabji Tata Trust , பிரமோத் குமார் , சைரஸ் மிஸ்ட்ரி , தோராப்ஜி டாடா , டாடா குழு , டாடா குழு ஆன் , ரட்ன் டாடா , மும்பை பெஞ்ச் , வருமானம் வரி மேல்முறையீடு தீர்ப்பாயம் , துணை ஆணையர் , வருமானம் வரி , வருமானம் வரி நாடகம் ,

Tata-Mistry row: Tax tribunal suo moto junks negative remarks on Mistry

In an unprecedented move, the Mumbai bench of the income tax appellate tribunal (ITAT) has retracted the critical remarks it made on Cyrus Mistry in its recent order that restored the tax-exempt status of the three key Tata Trusts.
In a major moral victory for the past chairman of Tata Group who was unceremoniously sacked on October 24, 2016, the tribunal issued a corrigendum on Wednesday to its December 28 order saying the critical remarks were due to a typo.
The corrigendum issued by president of the tribunal P P Bhatt and vice-president Pramod Kumar, clarifies that the first order made certain inadvertent references to Mistry because of a few typo errors. ....

Pramod Kumar , Cyrus Mistry , Dorabji Tata , Tata Group , Tata Group On , Ratan Tata , Income Tax Act , Tata Sons , Tata Trusts , Income Tax , Ratan Tata Trust , Dorabji Tata Trust , பிரமோத் குமார் , சைரஸ் மிஸ்ட்ரி , தோராப்ஜி டாடா , டாடா குழு , டாடா குழு ஆன் , ரட்ன் டாடா , வருமானம் வரி நாடகம் , டாடா மகன்கள் , டாடா அறக்கட்டளைகள் , வருமானம் வரி , ரட்ன் டாடா நம்பிக்கை , தோராப்ஜி டாடா நம்பிக்கை ,

cyrus mistry: Tata-Mistry row: Tax tribunal suo moto junks negative remarks on Cyrus Mistry

Synopsis
In the two-page corrigendum, the tribunal says, the error happened as para 37 in the first order had to be numbered as 47 on page 60. Accordingly, para 37 stands now substituted as 47 and all remaining paras are renumbered as 48 to 67, instead of 38 to 57.
Mumbai: In an unprecedented move, the Mumbai bench of the income tax appellate tribunal (ITAT) has retracted the critical remarks it made on Cyrus Mistry in its recent order that restored the tax-exempt status of the three key Tata Trusts.
In a major moral victory for the past chairman of Tata Group who was unceremoniously sacked on October 24, 2016, the tribunal issued a corrigendum on Wednesday to its December 28 order saying the critical remarks were due to a typo. ....

Pramod Kumar , Cyrus Mistry , Dorabji Tata , Tata Group , Tata Group On , Ratan Tata , Income Tax Act , Tata Sons , Tata Trusts , Income Tax , Ratan Tata Trust , Dorabji Tata Trust , பிரமோத் குமார் , சைரஸ் மிஸ்ட்ரி , தோராப்ஜி டாடா , டாடா குழு , டாடா குழு ஆன் , ரட்ன் டாடா , வருமானம் வரி நாடகம் , டாடா மகன்கள் , டாடா அறக்கட்டளைகள் , வருமானம் வரி , ரட்ன் டாடா நம்பிக்கை , தோராப்ஜி டாடா நம்பிக்கை ,

Relief to Tata Trusts: Appellate body quashes I-T dept order, upholds tax-exempt status

Relief to Tata Trusts: Appellate body quashes I-T dept order, upholds tax-exempt status
The Income Tax Appellate Tribunal (ITAT) passed three orders observing that the I-T department s revision orders in the three trusts are devoid of any legally sustainable merits.
BusinessToday.In | December 29, 2020 | Updated 13:59 IST
The orders would have led to three Tata Trusts having to pay up taxes running into several lakhs
The Income Tax Appellate Tribunal (ITAT) on Monday, December 28 reversed the March 2019 revisionary orders of the Commissioner of Income Tax (I-T)- Exemptions (CIT) that sought to annul tax exemptions given to three Tata group trusts - JRD Tata Trust, Dorabji Tata Trust, and Ratan Tata Trust. The edicts would have led to three Tata Trusts having to pay up taxes running into several lakhs. ....

Pramod Kumar , Cyrus Mistry , Dorabji Tata , Tata Group , Ratan Tata , Income Tax Appellate Tribunal , Income Tax , Dorabji Tata Trust , Tata Trusts , Income Tax Act , Assessing Officer , Vice President Pramod Kumar , Tata Sons , Tata Son , பிரமோத் குமார் , சைரஸ் மிஸ்ட்ரி , தோராப்ஜி டாடா , டாடா குழு , ரட்ன் டாடா , வருமானம் வரி மேல்முறையீடு தீர்ப்பாயம் , வருமானம் வரி , தோராப்ஜி டாடா நம்பிக்கை , டாடா அறக்கட்டளைகள் , வருமானம் வரி நாடகம் , மதிப்பீடு அதிகாரி , துணை ப்ரெஸிடெஂட் பிரமோத் குமார் ,

Tax tribunal upholds tax-exempt status of Tata Trusts

Ratan Tata. File
| Photo Credit: SHASHI ASHIWAL
It also censured former Tata Sons Chairman Cyrus Mistry for supplying documents to the Tax Department soon after his unceremonious exit.
The Income Tax Appellate Tribunal (ITAT) has upheld the tax-exempt status of three Tata Group trusts, quashing a revision order of the Income Tax Department that sought to cancel tax exemption on grounds that they held shares of Tata Sons.
It also censured former Tata Sons Chairman Cyrus Mistry for supplying documents to the Tax Department soon after his unceremonious exit as the head of the salt-to-software group.
The ITAT’s Mumbai Bench comprising its President Justice P P Bhatt and Vice President Pramod Kumar passed three separate orders on December 28, upholding the tax-exempt status of Ratan Tata Trust, JRD Tata Trust and Dorabji Tata Trust. ....

Pramod Kumar , Cyrus Mistry , Justicepp Bhatt , Navajbai Ratan Tata , Dorabji Tata , Jamsetji Tata , Tata Group , Jrd Tata , Tata Social Welfare , Ratan Tata , Tata Sons Ltd , Tax Department , Tata Education , Sarvajanik Seva , Income Tax Department , Public Accounts Committee Of Parliament , Income Tax Appellate Tribunal , Tata Sons Chairman Cyrus Mistry , President Justicepp Bhatt , Vice President Pramod Kumar , Ratan Tata Trust , Tata Sons , Income Tax , Ratann Tata , Tata Trust , Tata Trusts ,