Rate of tax - The claim of the assessee that it should not be...
Assessee taxed at maximum marginal rate; PAN indicates Body of Individuals classification, not Trust.
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
https://www.taxtmi.com/hi...
✓ Copied successfully !
Print
Print Options
ExpandCollapse
Income TaxNovember 1, 2018Case LawsAT
Rate of tax - The claim of the assessee that it should not be taxed at maximum marginal rate is not tenable as the PAN of the assessee suggests that the assessee is a Body of Individuals and not 'Trust' as the fifth character of PAN is 'B' and not 'T' which should be the case of Trust.