CBDT quizzes senior officers over cancellation of Tata Trusts' registration

The Trusts is of the view that the cancellation should apply retrospectively as it had offered to surrender the registration in 2015

The Central Board of Direct Taxes (CBDT) has summoned senior officials, who were till recently handling the case linked to cancellation of Tata Trusts registration. The tax department is seeking explanation from these officials over the cancellation date to find out if there were lapses. 

Tata Trusts, the largest shareholder in the group's holding company Tata Sons with 66 per cent stake had last month moved the Income Tax Appellate Tribunal (ITAT) to challenge the tax department order on cancelling the registration . On October 31, the department had cancelled the registration of six trusts operating under Tata Trusts citing