A Parliamentary Panel has taken a serious view of blatant mistakes committed by Assessing Officers while processing the applications of Charitable Trusts and Institutions for registrations without scrupulously following the provisions stipulated in the Income Tax Act, 1961. <br/><br/>Public Accounts Committe headed by Prof. K V Thomas in its report on Exemptions to Charitable Trusts and Institutions tabled in Parliament today said Income Tax Department allowed exemption to the tune of 8.88 crore rupees in 72 cases irregularly despite rejection of registrations and approvals by the competent authority.<br/><br/>The Panel suggested that as and when such cases of procedural mistakes are noticed, suitable punitive action should invariably be taken expeditiously against the officers. The Panel also observed that Income Tax Department granted exemptions to the tune of over 87 crore rupees in 60 cases to Trusts whose objects were not charitable in nature.