AdvertisementMerchant Association Vs ITO (ITAT Pune) The Income Tax Appellate Tribunal (ITAT), Pune Bench (SMC), decided an appeal filed by The Merchant Association against the order of the Addl./JCIT(A), Faridabad passed under Section 250 of the Income-tax Act for Assessment Year 2024-25. The principal issue was whether the assessee’s total income should be taxed at the Maximum Marginal Rate (MMR) or at the normal rates applicable under the Income-tax Act. The assessee is a society registered under the Societies Registration Act, 1860. It filed its return of income on 12.07.2024 declaring total...