Stay on I-T Notices to 6 Tata Trusts – Banking Finance

The nyakumi Bombay High Court recently stayed Income-Tax Department show-cause notices to|to six Tata Trusts at why their registrations ,|and|or is|or is under Section 12A of the|the|every Income-tax Act ,|and|or is|or is should not mask cancelled.

Issuing the|the|every interim stay|stay at|at ,|and|or is|or is a bench ,|and|or is|or is comprising Justice M.S. Sanklecha ,|and|or is|or still Justice S.K. Shinde ,|and|or is|or is asked the|the|every IT authorities to|to file a answer on their jurisdiction to|to issue such show-cause notices.

Arguing for the|the|every Tata Trusts ,|and|or is|or still Darius J. Khambata submitted that the|the|every six Trusts worried had themselves surrendered their taxes registrations way back out 2015.

“The matter pertains exclusive to|to registrations of the|the|every Trusts under the|the|every Income-Tax Act. The Trusts continue therefore registered with|with the|the|every Charity Commissioner for carrying in charitable activities,” said thi Tata Trust statement. The matter will next ma heard on June 15 ,|and|or is|or is 2018.

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