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Will Llistosella's sudden refusal to lead Tata Motors hurt the company?

Will Llistosella's sudden refusal to lead Tata Motors hurt the company?
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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ITAT omits inadvertent observations made against Cyrus Mistry in its order

The Income Tax Appellate Tribunal (ITAT) has expunged certain strong observations made against former Tata Sons chairman, Cyrus Mistry, on his access to information with respect to Tata Trusts.
The tribunal clarified that it had inadvertently failed to mention that the information furnished by Mistry was in response to an income-tax notice.
The tribunal’s corrigendum comes after it made strong remarks against Mistry while restoring the tax exemption of the three major Tata trusts Sir Dorabji Trust, JRD Trust and Ratan Tata Trust.
On Wednesday, the tribunal bench, presided over by Justice PP Bhatt and Pramod Kumar, said that their order of December 28 stands modified. ....

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Tax tribunal upholds tax-exempt status of Tata Trusts

Ratan Tata. File
| Photo Credit: SHASHI ASHIWAL
It also censured former Tata Sons Chairman Cyrus Mistry for supplying documents to the Tax Department soon after his unceremonious exit.
The Income Tax Appellate Tribunal (ITAT) has upheld the tax-exempt status of three Tata Group trusts, quashing a revision order of the Income Tax Department that sought to cancel tax exemption on grounds that they held shares of Tata Sons.
It also censured former Tata Sons Chairman Cyrus Mistry for supplying documents to the Tax Department soon after his unceremonious exit as the head of the salt-to-software group.
The ITAT’s Mumbai Bench comprising its President Justice P P Bhatt and Vice President Pramod Kumar passed three separate orders on December 28, upholding the tax-exempt status of Ratan Tata Trust, JRD Tata Trust and Dorabji Tata Trust. ....

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Tax tribunal upholds tax-exempt status of Tata Trusts; censures Mistry

Tax tribunal upholds tax-exempt status of Tata Trusts; censures Mistry
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Welcome To IANS Live - BUSINESS - ITAT relief for 3 Tata trusts; tax tribunal says Mistry's claims 'doubtful'

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IANSLive
New Delhi, Dec 28 (IANS) In a setback for former Tata Sons Chairman Cyrus Mistry and a major relief for Sir Dorabji Tata Trust, JRD Tata Trust and Sir Ratan Tata Trust, the Mumbai-bench of Income Tax Appellate Tribunal (ITAT) has quashed revised assessment orders issued by the IT department based on Mistry s allegations.
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