https://www.taxtmi.com/caselaws?id=778214 ITAT MUMBAI (AT) held that where a probated will names multiple executors the estate of the deceased is taxed under sec.168(1) as an AOP and, because beneficiaries' shares are determinate, sec.167B is inapplicable. The tribunal set aside the Addl./JCIT(A)'s imposition of tax at the maximum marginal rate and directed the AO to assess the estate's income at the normal slab rates applicable to individuals for the year under consideration. Appeal allowed. en-us Thu, 16 Jan 2025 00:00:00 +0530 Fri, 12 Sep 2025 08:45:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778214 ITAT MUMBAI (AT) held that where a probated will names multiple executors the estate of the deceased is taxed under sec.168(1) as an AOP and, because beneficiaries' shares are determinate, sec.167B is inapplicable. The tribunal set aside the Addl./JCIT(A)'s imposition of tax at the maximum marginal rate and directed the AO to assess the estate's income at the normal slab rates applicable to individuals for the year under consideration. Appeal allowed. Case-Laws Income Tax Thu, 16 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778214