Maximum Marginal Rate Applied Because Trust Selected “AOP/BOI” in ITR

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 itself selected st...