{"id":56286,"date":"2025-08-22T11:15:24","date_gmt":"2025-08-22T05:45:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/araadhya-jain-trust-v-ito-2025-212-itd-1-sbmumtrib\/"},"modified":"2025-08-22T11:15:24","modified_gmt":"2025-08-22T05:45:24","slug":"araadhya-jain-trust-v-ito-2025-212-itd-1-sbmumtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/araadhya-jain-trust-v-ito-2025-212-itd-1-sbmumtrib\/","title":{"rendered":"Araadhya Jain Trust v. ITO (2025) 212 ITD 1 (SB)(Mum)(Trib.)"},"content":{"rendered":"<p>A discretionary trust filed return at maximum marginal rate. CPC levied surcharge at highest rate (37%). Tribunal held that surcharge must be computed as per slab rates in Finance Act. Maximum marginal rate means tax rate applicable to highest slab (30%) plus surcharge as per relevant slab, not automatically the highest 37%.<br \/>(AY. 2023-24)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 164 : Representative assessee-Discretionary trust-Maximum marginal rate-Surcharge to be computed with reference to slab rates under Finance Act. [S. 2(29C), 111A, 112A, 167B, Finance Act, 2023]<\/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-56286","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-eDQ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56286","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=56286"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56286\/revisions"}],"predecessor-version":[{"id":56287,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56286\/revisions\/56287"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=56286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=56286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=56286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}