Six Tata trusts to challenge tax department order in tribunal
Six Tata trusts had their registrations cancelled & will now challenge the order before ITAT.
Income tax department cancels registration of six Tata Trusts
CAG noted that the I-T dept had given "tax exemptions" to them, resulting in Rs...
Tata Trusts contest income-tax dept’s move to reopen assessment
The dispute dates back to 2013 when the Comptroller & Auditor General pointed...
How legendary entrepreneurs created a brand of their own
In the past, a legendary gallery of inspired souls created wealth through growing brand-new opportunities or dramatically redefining and expanding current business opportunities, often globally.
Tata Trusts face I-T queries over 'surrender' of registration
Taxman says trusts’ registrations can only be cancelled; Tatas say they will appeal.
Trust registration: Tatas move ITAT against cancellation date
The Income Tax Appellate Tribunal had cancelled 6 Tata Trusts' registrations from October 31, 2019. If a charitable organisation’s registration is cancelled after June 1, 2016, it will have to pay exit tax. The Trusts’ argued that they surrendered their registrations on February 26, 2015, and that should be considered as the cancellation date.
Income tax department denies relief to Sir Dorabji Tata Trust
The matter concerns Rs 2.5 crore paid as salary to the managing trustee R Venkataramanan by the trust for the assessment year 2015-16.
6 Tata Trusts withdraw tax petition in HC
In April, the Trusts, through their trustees including Ratan Tata, had moved the court against the Principal I-T Commissioner, challenging a show-cause notice that sought to cancel the Trusts’ licences for tax exemptions.
Date with history: Jamsetji Tata got a Japanese couple to set up a silk farm in Bengaluru
Tata brought a Japanese couple -the Odzus -to supervise his silk farm.
Don't need tax breaks to pursue charity: Tata Trusts
Will have to cease operations if forced to pay tax and arrears, said one of the six trusts.
Tata Sons' rejoinder to Cyrus Mistry's claim of 'nobody's fiefdom' refutes ousted chief's stand
Tata Trusts interact with 450 NGOs and with more than a 1,000 people in the field, Cyrus Mistry chose to isolate the Tata Trusts.
Modern tycoons lack Jamsetji Tata's ability to combine private interest with public purpose: Sunil Khilnani
Khilnani is an Avantha professor and director, King's India Institute, King's College, London. His book is a compilation of the profiles of 50 Indians.
Ratan Tata likely to step down as chairman of Tata Trusts
Tata's close aide and managing trustee R Venkataramanan told TOI that he too was likely to exit the Trusts "in the event of Ratan Tata demitting office".
Power to select Ratan Tata’s successor lies with 20 trustees
Ratan Tata is the current chairman of Tata Trusts that controls 66% shareholding in Tata Sons, the holding company of the Tata enterprises.
Taj Group celebrates Jamsetji Tata's 175th birth anniversary
The exhibition in South Mumbai showcases 36 works of art of one of Taj's oldest employees, Newton Thomas D'Souza.
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