<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Charitable Society Wins Tax Dispute: Assessing Officer to Apply Normal Rates, Overturning CPC&#039;s Maximum Marginal Rate Calculation.</title>
    <link>https://www.taxtmi.com/highlights?id=58153</link>
    <description>Charging maximum marginal rate - Charitable society - validity of action of the CPC in calculating the tax at Maximum Marginal rates instead of the slab rates - Revenue could not rebut the fact that the Ld. CIT(A) has taken contradictory view. I therefore, considering the totality of facts of the present case hold that Ld. CIT(A) was not justified in taking contrary stand in this case of the assessee. Hence, the Assessing Officer is hereby directed to charge tax at normal rates. - AT</description>
    <language>en-us</language>
    <pubDate>Fri, 28 May 2021 16:32:42 +0530</pubDate>
    <lastBuildDate>Fri, 28 May 2021 16:32:42 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=645352" rel="self" type="application/rss+xml"/>
    <item>
      <title>Charitable Society Wins Tax Dispute: Assessing Officer to Apply Normal Rates, Overturning CPC&#039;s Maximum Marginal Rate Calculation.</title>
      <link>https://www.taxtmi.com/highlights?id=58153</link>
      <description>Charging maximum marginal rate - Charitable society - validity of action of the CPC in calculating the tax at Maximum Marginal rates instead of the slab rates - Revenue could not rebut the fact that the Ld. CIT(A) has taken contradictory view. I therefore, considering the totality of facts of the present case hold that Ld. CIT(A) was not justified in taking contrary stand in this case of the assessee. Hence, the Assessing Officer is hereby directed to charge tax at normal rates. - AT</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Fri, 28 May 2021 16:32:42 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=58153</guid>
    </item>
  </channel>
</rss>