https://www.taxtmi.com/caselaws?id=792337 A charitable trust that did not claim exemption under section 11 was held taxable at the normal slab rates applicable to an association of persons, not at the maximum marginal rate. The Tribunal relied on its coordinate bench rulings and CBDT Circular No. 320 dated 11-01-1982, which states that where a charitable or religious trust has no defined members or ascertainable shares in income, the maximum marginal rate does not apply. The trust's public charitable character and absence of distributable shares were treated as the decisive factors. en-us Wed, 29 Apr 2026 00:00:00 +0530 Wed, 27 May 2026 07:29:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792337 A charitable trust that did not claim exemption under section 11 was held taxable at the normal slab rates applicable to an association of persons, not at the maximum marginal rate. The Tribunal relied on its coordinate bench rulings and CBDT Circular No. 320 dated 11-01-1982, which states that where a charitable or religious trust has no defined members or ascertainable shares in income, the maximum marginal rate does not apply. The trust's public charitable character and absence of distributable shares were treated as the decisive factors. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792337