Private discretionary trust liable to pay maximum rate of surcharge of 37%

Aradhya Jain Trust Vs ITO (ITAT Mumbai) ITAT Mumbai held that assessee being private discretionary trust is liable to pay tax at maximum marginal rate and the applicable rate of surcharge 37%. Accordingly, order of CIT(A) upheld and appeal of assessee dismissed. Facts- Assessee is a private discretionary trust liable to pay income tax at maximum marginal rate filed its return of income for A.Y. 2022-23. The only dispute involved herein is that assessee has computed surcharge on the tax payable amounting to ₹1,67,271/-whereas the surcharge computed by Central Processing Centre is ₹6,18,903/...