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Yash Birla case to decide status of offshore trusts

· economictimes.indiatimes.com · Source No Comments on Yash Birla case to decide status of offshore trusts

The dispute relates to multiple overseas trusts, allegedly holding close to Rs 1,550 crore, where Birla is named as one of the beneficiaries. The HC is hearing a petition filed by Birla challenging a two-year old ruling of the Income Tax Settlement Commission (ITSC) rejecting Birla’s application for settlement on the grounds that he failed to make “true and full” disclosure.

Yash Birla case to decide status of offshore trusts

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