https://www.taxtmi.com/caselaws?id=789383 Surcharge on an AOP's tax liability was held to be computable at 15% rather than 25%, following the view that surcharge must be applied with reference to the slab rates prescribed in the Finance Act for the relevant assessment year. The higher rate adopted by the authorities was found unsustainable because the issue was treated as settled by Special Bench authority dealing with private discretionary trusts taxed at the maximum marginal rate. The assessee's claim for surcharge at 15% was therefore accepted. en-us Fri, 27 Feb 2026 00:00:00 +0530 Wed, 08 Apr 2026 08:56:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789383 Surcharge on an AOP's tax liability was held to be computable at 15% rather than 25%, following the view that surcharge must be applied with reference to the slab rates prescribed in the Finance Act for the relevant assessment year. The higher rate adopted by the authorities was found unsustainable because the issue was treated as settled by Special Bench authority dealing with private discretionary trusts taxed at the maximum marginal rate. The assessee's claim for surcharge at 15% was therefore accepted. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789383