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2022 (6) TMI 1080 - AT - Income TaxAssessment of trust - Application of maximum marginal rate of tax on the income which was below the taxable limit - as per AR assessee should be made subject to tax at the rate applicable to an individual after allowing the basic exemption limit and that too at slab rate of tax - HELD THAT:- We have heard the rival contention of both the parties and perused the materials available on record. At the outset we note that this tribunal in the case of Jain Sangh parabdi Khayu Trustee [2022 (6) TMI 1027 - ITAT AHMEDABAD] held that the members of the trustees are not entitled to any share in the income of the Association of persons and 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. thus involving the identical facts and circumstances have decided the issue in favour of the assessee.
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