https://www.taxtmi.com/caselaws?id=765994 ITAT Pune held that a registered charitable trust engaged in charitable activities is liable to tax at normal rates rather than maximum marginal rates under Section 167B(1). The tribunal ruled that while the provision applies maximum marginal rates to associations where individual member shares are unknown, charitable trusts carrying out charitable activities per their trust deed are exempt from this provision. The CIT(A) order was set aside, directing revenue authorities to calculate tax liability at normal rates. The assessee's appeal was allowed. en-us Wed, 12 Feb 2025 00:00:00 +0530 Wed, 27 May 2026 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765994 ITAT Pune held that a registered charitable trust engaged in charitable activities is liable to tax at normal rates rather than maximum marginal rates under Section 167B(1). The tribunal ruled that while the provision applies maximum marginal rates to associations where individual member shares are unknown, charitable trusts carrying out charitable activities per their trust deed are exempt from this provision. The CIT(A) order was set aside, directing revenue authorities to calculate tax liability at normal rates. The assessee's appeal was allowed. Case-Laws Income Tax Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765994