https://www.taxtmi.com/caselaws?id=353949 The Tribunal determined that the assessee trust should be treated as an Association of Persons (AOP) for the entire income, taxed at the maximum marginal rate. The trust's surplus credited to Self-Help Groups (SHGs) was considered income of the SHGs. The Tribunal also addressed the non-deduction of tax at source on interest paid to Sarvodaya Nano Finance Ltd. (SNFL) under Section 40(a)(ia), remanding the matter to the Assessing Officer to consider the retrospective amendment allowing the assessee to present its case. The appeals were partly allowed for statistical purposes. en-us Thu, 02 Nov 2017 00:00:00 +0530 Tue, 16 Jan 2018 09:23:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353949 The Tribunal determined that the assessee trust should be treated as an Association of Persons (AOP) for the entire income, taxed at the maximum marginal rate. The trust's surplus credited to Self-Help Groups (SHGs) was considered income of the SHGs. The Tribunal also addressed the non-deduction of tax at source on interest paid to Sarvodaya Nano Finance Ltd. (SNFL) under Section 40(a)(ia), remanding the matter to the Assessing Officer to consider the retrospective amendment allowing the assessee to present its case. The appeals were partly allowed for statistical purposes. Case-Laws Income Tax Thu, 02 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353949