)
Tata-Mistry Row: Tax Tribunal Suo Moto Junks Negative Remarks on Cyrus Mistry
News 18In an unprecedented move, the Mumbai bench of the income tax appellate tribunal 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 Mistry one fact that was inadvertently missed out was that the information furnished by Mistry was in response to a notice from the assessing officer. “We note that the income tax appellate tribunal has issued a corrigendum on its own, to correct the wild personal allegations made against Mistry that formed part of its December 28 order, in a proceeding where Mistry was not even a party,” the Mistry family told PTI. On December 28, the tribunal upholding the tax-exempt status of Ratan Tata Trust, JRD Tata Trust and Dorabji Tata Trust, which together own 66 per cent of Tata Sons, said the March 2019 revision order of the IT department cancelling tax exemption to these trusts, was “devoid of any legally sustainable merits”.
History of this topic
Tax Cases Weekly Round-Up: 24 July To 30 July, 2022
Live Law
Cyrus Mistry Seeks Expunction Of Remarks Against Him In Supreme Court Judgment Allowing Tata Sons' Appeal
Live Law
Tata Sons v Cyrus Mistry : Supreme Court Agrees To Hear SP Group's Review In Open Court; Justice Ramasubramanian Dissents
Live Law
Taxing drama: The Hindu Editorial on retroactive tax disputes
The Hindu
SC sets aside NCLAT order reinstating Mistry; rules in favour of Tata Group
Hindustan Times
Setback for Cyrus Mistry as Supreme Court sets aside NCLAT order to reinstate him as Tata Group's chairman
India TV News
Tata-Mistry dispute: SC upholds Cyrus Mistry's ouster from Tata Sons
India Today
Tata-Mistry dispute: Complete chronology of events
India Today
Supreme Court to Deliver Judgement on Cross Appeals in Tata Sons-Cyrus Mistry Case on Friday
News 18)
Tata-Mistry Row: SC Draws Analogy Between Politics and Corporate on Issue of Interference
News 18
Income Tax Appellate Tribunal stays ₹100 crore tax demand on Tata Trusts
Live MintDiscover Related
![[Income Tax] No Substantial Question Of Law Arises If Perversity Cannot Be Shown In Order Passed By Tribunal: Allahabad High Court](https://www.livelaw.in/h-upload/2024/10/31/568956-allahabad-high-court-prayagraj.jpg)
![[Deemed Dividend] Accumulated Profits Of Company U/S 2(22)(e) Of Income Tax Act Are Computed After Adjusting Depreciation: Telangana HC](https://www.livelaw.in/h-upload/2024/08/05/553674-chief-justice-alok-aradhe-justice-j-sreenivas-rao-telangana-hc.jpg)
