MMR not automatically include a surcharge unless highest income slab requirement is met

Shriram Trust Vs ITO (ITAT Hyderabad)

In the case of Shriram Trust Vs. Income Tax Officer (ITO), the dispute centered around the levy of surcharge on the trust’s income tax for assessment years 2021-22, 2022-23, and 2023-24. The trust had filed returns declaring an income of less than ₹50 lakh, and the return preparation utility provided by the department accepted the returns without adding any surcharge. However, the Centralized Processing Centre (CPC) applied a surcharge while processing the returns under Section 143(1) of the Income Tax Act, 1961. The Commissioner o

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