https://www.taxtmi.com/caselaws?id=370901 The appeal was dismissed, upholding the AO and CIT(A)'s orders. The Trust's income was correctly taxed at the Maximum Marginal Rate under section 164(1), considering the indeterminate nature of the trustees' shares and the lack of registration under section 12A. The presumption of the Trust's commercial activities was supported by significant expenditures on advertisement and business promotion. en-us Fri, 14 Sep 2018 00:00:00 +0530 Mon, 26 Nov 2018 07:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370901 The appeal was dismissed, upholding the AO and CIT(A)'s orders. The Trust's income was correctly taxed at the Maximum Marginal Rate under section 164(1), considering the indeterminate nature of the trustees' shares and the lack of registration under section 12A. The presumption of the Trust's commercial activities was supported by significant expenditures on advertisement and business promotion. Case-Laws Income Tax Fri, 14 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370901