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2022 (6) TMI 1098 - AT - Income TaxAssessment of trust - Intimation of the CPC by applying the maximum marginal rate of tax on the income which was below the taxable limit - HELD THAT:- This tribunal in the case of Jain Sangh Parabdi Khayu Trustee [2022 (6) TMI 1027 - ITAT AHMEDABAD] involving the identical facts and circumstances held that It is the admitted position that the members of the trustees are not entitled to any share in the income of the Association of persons. Accordingly, we are of the view that the circular issued by the CBDT as discussed above is squarely applicable in the given facts and circumstances. Thus we hold that the rate applicable as to an individual for charging the income tax after a lowing the basic exemption limit, shall be applicable to the assessee on hand. Hence the ground of appeal of the assessee is allowed - Decided in favour of the assessee
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