{"id":54378,"date":"2025-05-19T06:24:31","date_gmt":"2025-05-19T00:54:31","guid":{"rendered":"https:\/\/itatonline.org\/digest\/aradhya-jain-trust-v-ito-2024-bcaj-november-p-47-mum-trib\/"},"modified":"2025-05-19T06:24:31","modified_gmt":"2025-05-19T00:54:31","slug":"aradhya-jain-trust-v-ito-2024-bcaj-november-p-47-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/aradhya-jain-trust-v-ito-2024-bcaj-november-p-47-mum-trib\/","title":{"rendered":"Aradhya Jain Trust v .ITO ( 2024) BCAJ \u2013 November \u2013 P. 47 ( Mum)( Trib)"},"content":{"rendered":"<p>Held that the maximum marginal rate is to be computed by taking the maximum rate of income -tax and maximum rate of surcharge applicable in the case of an individual . This rate applies to a private discretionary trust as well . The levy of maximum marginal rate on trust is thus specific anti avoidance rule and therefore should be given a strict interpretation. (ITA No. 2197\/ Mum\/ 2024\u00a0 dt . 7 -10 -2024 )\u00a0 (AY. 2022 -23 ) .<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 167B : Charge of tax &#8211; Shares of members unknown &#8211;  Discretionary trust \u2013 Anti avoidance rule- Maximum rate of surcharge applicable in the case of an individual \u2013 This rate applies to a private discretionary trust as well . [ S. 2(29C) , 143(1) ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-54378","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-e94","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=54378"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54378\/revisions"}],"predecessor-version":[{"id":54379,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54378\/revisions\/54379"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=54378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=54378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=54378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}