ITAT Sets Aside 30% Tax on AOP Income as Income was Below Threshold

Gulmohar Park Journalists’ Colony Welfare Association Vs ITO (ITAT Delhi) The appeal was filed by the assessee against the order of the Addl./JCIT (Appeals)-4, Hyderabad, dated 31.10.2025, arising from an assessment under Section 143(3) of the Income Tax Act, 1961 for Assessment Year 2024–25. The dispute concerned the application of maximum marginal rate (MMR) taxation and surcharge on the income of the assessee, an association of persons (AOP). The assessee had filed its return declaring an income of ₹1,45,720, which was processed under Section 143(1) by the CPC on 28.12.2024. The CPC a...