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Informative

Taxation of AOP: ITAT Allows Normal Tax Rates for Charitable Trust, Sets Aside CIT(A)’s Order

Update / Judgement Date

16 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income TaxOther Legal Matters

The ITAT has allowed normal tax rates for an Association of Persons (AOP) that is a charitable trust, setting aside a CITA's order. The tribunal emphasized the need for proper classification of entities. This decision protects the rights of charitable trusts. The ruling clarifies the taxation of AOPs.