Surcharge Applicable Only When Total Income Exceeds ₹50 Lakhs: ITAT Ahmedabad

Sorathiya Darji Kedvani Mandal Vs ITO (ITAT Ahmedabad) Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, has provided relief to Sorathiya Darji Kedvani Mandal, a charitable trust, by allowing its appeal and setting aside a surcharge demand raised by the Income Tax Department for the Assessment Year 2021-22. The case involved an appeal against the order of the Commissioner of Income-tax (Appeals), National Faceless Appeal Centre (NFAC), which had confirmed the surcharge levied in an intimation issued under Section 143(1) of the Income Tax Act, 1961. Sorathiya Darji Kedvani Mandal, register...