ITAT affirmed that the appellant charitable trust, which has not...

ITAT affirmed that the appellant charitable trust, which has not claimed registration or exemption under section 12A, is taxable as an Association of Persons for A.Y. 2023-24; the Tribunal found that the preconditions of the administrative circular were satisfied and therefore directed that income be assessed and tax computed at the slab rates applicable to an AOP with applicable surcharge and cess, rather than at trust-specific rates. The assessment is to be finalized accordingly, with tax liability determined under normal slab-rate provisions for an AOP for the relevant assessment year.

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