NAROTAM SEKHSARIA TANVI TRUST,MUMBAI vs. ITO, WARD 42(2)(1), MUMBAI, MUMBAI
No AI summary yet for this judgment.
Income Tax Appellate Tribunal, “B” BENCH, MUMBAI
Before: SHRI SANDEEP GOSAIN & SHRI JAGADISH
Per: SHRI JAGADISH, A.M.:
This appeal by the assessee is directed against the order dated 12.12.2025 passed by the Ld. Addl./JCIT(A), Gwalior (hereinafter referred as the Ld. CIT(A) for the assessment year 2021-22. 2. The assessee has raised the grievance that though the Ld. CIT(A) allowed the appeal by holding that surcharge at the rate of 37% levied by CPC in the rectification order was incorrect and that surcharge was chargeable only at 15%, the operative direction contained in para 5.6 of the appellate order is restrictive inasmuch as it confines the rate of surcharge of 15% only to dividend income and long-term capital gains taxable under section 112A, instead of clarifying that the
The order continues below.
Read the full judgment
A free account opens 10 full judgments a month. Re-reading one you have already opened does not count again.
The summary, the parties, the sections and the citations above are open to everyone and always will be. Only the text of the order and the PDF are metered.