Determination of tax liability and treatment as Association of ...

Trusts' tax liability: Association of Persons (AOP) vs individual slab rates? Rectification pending. Fresh examination ordered.

October 22, 2024

Case Laws Income Tax AT

Determination of tax liability and treatment as Association of Persons (AOP) for assessee trusts. Examination required on whether income taxable at slab rates u/s 164(1) or as AOP u/s 167B at Maximum Marginal Rate. Rectification application pending u/s 154. Issue restored to Assessing Officer for fresh consideration after examining all relevant details and documents. Appeals allowed for statistical purposes. Jurisdictional Assessing Officer to examine and verify necessary details for determining appropriate tax treatment.

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Determination of tax liability and treatment as Association of ...

Trusts' tax liability: Association of Persons (AOP) vs individual slab rates? Rectification pending. Fresh examination ordered.

October 22, 2024

Case Laws Income Tax AT

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