https://www.taxtmi.com/caselaws?id=760480 ITAT Mumbai remanded the matter to the Jurisdictional Assessing Officer for fresh consideration regarding whether assessee trusts' income should be taxed at slab rates under section 164(1) clause (iv) or at maximum marginal rate under section 167B as Association of Persons. The tribunal noted that a rectification application under section 154 was pending and directed detailed examination of all relevant materials to determine the correct tax treatment. Appeals were allowed for statistical purposes with the issue restored to the AO for proper verification and consideration. en-us Mon, 26 Aug 2024 00:00:00 +0530 Tue, 22 Oct 2024 08:34:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760480 ITAT Mumbai remanded the matter to the Jurisdictional Assessing Officer for fresh consideration regarding whether assessee trusts' income should be taxed at slab rates under section 164(1) clause (iv) or at maximum marginal rate under section 167B as Association of Persons. The tribunal noted that a rectification application under section 154 was pending and directed detailed examination of all relevant materials to determine the correct tax treatment. Appeals were allowed for statistical purposes with the issue restored to the AO for proper verification and consideration. Case-Laws Income Tax Mon, 26 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760480