Topic

Maximum Marginal Rate

2 articlesLatest June 2026
Section 167A Income Tax Act | Charitable Trusts Excluded from MMR Taxation If Not Covered Under Section 11: ITAT Delhi
Case Law Analysis
|Income Tax Appellate Tribunal

Section 167A Income Tax Act | Charitable Trusts Excluded from MMR Taxation If Not Covered Under Section 11: ITAT Delhi

ITAT Delhi rules that charitable trusts not claiming benefits under Section 11 are not subject to the Maximum Marginal Rate, even if structured as AOPs, and must be taxed at individual slab rates - affirming CBDT Circular No. 320 of 1982. This clarifies a critical tax liability distinction for non-exempt trusts receiving dividend income, impacting compliance strategies for trusts with substantial passive earnings.

Section 167B IT Act | Registered Societies Under Karnataka Act Exempt from Maximum Marginal Rate Taxation : ITAT Bangalore
Case Law Analysis
|Income Tax Appellate Tribunal

Section 167B IT Act | Registered Societies Under Karnataka Act Exempt from Maximum Marginal Rate Taxation : ITAT Bangalore

ITAT Bangalore rules that registered societies under the Karnataka Societies Registration Act are not liable for taxation at the maximum marginal rate under Section 167B of the Income-tax Act. The ruling clarifies that such entities are taxed at slab rates, offering relief to welfare associations and similar bodies from higher tax burdens.

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