PAC likely to examine the alleged tax related violations by the Tata Trusts

On November 1, Tata Trusts said the Income Tax Department has cancelled registration of its six trusts

Days after the Income Tax Department cancelled registration of six Tata Trusts, sources in Parliament's Public Accounts Committee (PAC) on Wednesday said it is actively considering the issue and is likely to examine the alleged tax related violations by the trusts.

Last year, the PAC had recommended a probe into the alleged tax violations by Tata Trusts, while its sub-panel on Direct and Indirect Taxes, in its report, flagged several alleged violations.

The PAC's sub-committee had also demanded a probe into the "blatant tax violations" by the trusts.

On November 1, Tata Trusts said the Income Tax Department has cancelled