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Income-Tax dept withdraws exemption granted to Dorabji Tata Trust

The income-tax department has withdrawn the exemption granted to Sir Dorabji Tata Trust, one of the oldest and biggest philanthropic organizations in the country. The withdrawal order was issued on December 31, 2018, after the authorities found violations of certain conditions required for claiming tax exemptions. “The exemption claimed under Section 11 has been denied for violation of condition under Section 13 of the I-T Act,” I-T official said. Section 11 of the Act exempts income derived from the property held in a trust or for charitable and/or religious purposes. The Trust has reportedly preferred an appeal against the order.

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