The Income Tax Appellate Tribunal's (ITAT) Mumabi bench passed three separate orders upholding the tax-exempt status of Ratan Tata Trust, JRD Tata Trust and Dorabji Tata Trust, which hold about 66% in Tata Sons. The Tribunal said the March 2019 revision order of the I-T department that sought to cancel tax exemption to the three trusts was "devoid of any legally sustainable merits".from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3mXswRo
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