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ITAT rules in favour of Tata Education and Development Trust in Rs 220 crore tax case

ITAT rules in favour of Tata Education and Development Trust in Rs 220 crore tax case

The case pertains to assessment years 2011-12 and 2012-13 on money spent by the Trust for creating an endowment fund at Cornell University, US, to provide scholarships to Indian students and granting financial assistance to the Harvard Business School for constructing an executive building to be named Tata Hall.