CLESTRA FOUNDATION ,BANGALORE vs. INCOME TAX OFFICER, WARD-4(2)(3), BANGALORE
In the result, the appeal of the assessee is dismissed
ITA 1478/BANG/2024[2023-24]Status: DisposedITAT Bangalore18 Nov 2024AY 2023-24
Bench: Shri Ramit Kochar & Shri Keshav Dubeyassessment Year: 2023-24
For Appellant: Shri Ravindra T., A.RFor Respondent: Shri Ganesh R. Ghale, Standing Counsel for department
Section 115JSection 143(1)Section 161Section 164Section 164ASection 167BSection 2Section 250Section 3
68,549
Total Tax
13,86,185
17,82,267
Clestra Foundation, Bangalore
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Thus the assessee calculated the surcharge of Rs.81,981/- i.e. at the rate of 37% on the Tax on Interest income only and not on Dividend Income on the ground that the surcharge is not applicable for Income below Rs.50 lakhs, whereas
