Case Law Details
Case Name : Badamtam Welfare Trust Vs Deputy Director of Income Tax (ITAT Kolkata)
Related Assessment Year : 2023-24
Courts :
All ITAT ITAT Kolkata
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Badamtam Welfare Trust Vs Deputy Director of Income Tax (ITAT Kolkata)
ITAT Kolkata held that the surcharge is leviable only when the amount of income tax is computed where the total income exceeds Rs.50 lakhs. Here, surcharge is not leviable since income is less than Rs. 50 Lakhs. Accordingly, appeal allowed.
Facts- The assessee is a Welfare Trust. The assessee filed its return of income on 15.11.2023 declaring income of Rs.1,27,100/-. The tax liability computed in the return was Rs.40,655/- and after adjustment of TDS of Rs.43,200/-, the appellant claimed
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