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Surcharge on Private Discretionary Trust Income: ITAT Applies 15% Rate as Income Does Not Exceed ₹2 Crores [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) applied a 15% surcharge on the income of a private discretionary trust, as the total...
![Rectification is the Appropriate Remedy for Assessee when a Claim for Deduction was Omitted: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Kerala-High-Court-Taxscan.jpg "Rectification is the Appropriate Remedy for Assessee when a Claim for Deduction was Omitted: Kerala HC [Read Judgment]")
![Once the Shares of Beneficiaries are found to be determinable, the Trustees cannot be Assessed for such Income: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Once the Shares of Beneficiaries are found to be determinable, the Trustees cannot be Assessed for such Income: Karnataka HC [Read Judgment]")