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ITAT quashes CIT(A) order after CPC rectifies surcharge on dividend from 37% to 15%
Case Law Details
- Case Name
- Srijan Family Trust Vs ITO (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2023-24
- Courts
- All ITAT, ITAT Delhi
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Srijan Family Trust Vs ITO (ITAT Delhi)
The appeal before the Income Tax Appellate Tribunal (ITAT) in Delhi, filed by Srijan Family Trust, was a challenge to an order by the Commissioner of Income Tax (Appeals) (CIT(A)) that upheld an incorrect surcharge levy on the trust’s dividend income for the Assessment Year 2023-24.
Factual Background
The case began when the trust filed its income tax return, declaring an income of ₹1,30,13,620. During the processing of the return under Section 143(1) of the Income Tax Act, 1961, the Centralised Processing Centre (CPC) computed the tax liability ...
