PAC report: Erroneous tax exemption to South Asian University cost loss of over Rs 90 lakh to exchequer

The Public Accounts Committee (PAC) has reported that the erroneous tax exemption granted to the South Asian University (SAU) registrar has resulted in a loss of over Rs 90 lakh to the exchequer. The PAC noted that a gazette notification by the Ministry of External Affairs (MEA) wrongly extended privileges to the registrar, causing the loss. The report recommended the creation of a 'Procedural Standards Cell' to prevent such errors in the future.

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