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Maximum Marginal Rate Applied Because Trust Selected “AOP/BOI” in ITR
Case Law Details
- Case Name
- Niruben Ashokbhai Mehta Family Trust Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2024-25
- Courts
- All ITAT, ITAT Ahmedabad
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Niruben Ashokbhai Mehta Family Trust Vs ITO (ITAT Ahmedabad)
Maximum Marginal Rate Applied Because Trust Selected “AOP/BOI” in ITR — But Whether It Qualifies as ‘Individual’ u/s 164(3) for Will-Based Trust Requires Verification; Matter Remanded
In this appeal, Niruben Ashokbhai Mehta Family Trust challenged the CPC’s intimation u/s 143(1), wherein it was assessed as an AOP/BOI & taxed at the maximum marginal rate (MMR) under section 164. The Assessee had filed the return for AY 2024-25 showing income of Rs. 2,94,000/- & claiming refund. In the ITR, it had i...
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