https://www.taxtmi.com/caselaws?id=398339 ITAT JAIPUR - AT held that violation of s.13(1)(c)/(d) renders only the relevant part of the trust's income (the benefit given to persons under s.13(3)) taxable at the maximum marginal rate under s.164(2), not the entire trust income; the AO's levy of MMR on the whole surplus was set aside. On disputed expenses (travel, staff, welfare), the tribunal upheld the CIT(A)'s limitation of disallowance to 5% after considering ledgers, vouchers and affidavits, concluding the higher disallowance was unjustified; decided against revenue. en-us Wed, 09 Sep 2020 00:00:00 +0530 Fri, 24 Oct 2025 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398339 ITAT JAIPUR - AT held that violation of s.13(1)(c)/(d) renders only the relevant part of the trust's income (the benefit given to persons under s.13(3)) taxable at the maximum marginal rate under s.164(2), not the entire trust income; the AO's levy of MMR on the whole surplus was set aside. On disputed expenses (travel, staff, welfare), the tribunal upheld the CIT(A)'s limitation of disallowance to 5% after considering ledgers, vouchers and affidavits, concluding the higher disallowance was unjustified; decided against revenue. Case-Laws Income Tax Wed, 09 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398339