AdvertisementEstate of Late Rajen Krishnalal Shah Vs ITO (ITAT Mumbai) Mumbai ITAT: Sole Executor of Deceased’s Estate Entitled to Individual Slab Rates, Not Maximum Marginal Rate The Mumbai ITAT held that where an estate of a deceased person is administered by a sole executor, tax must be computed at the slab rates applicable to an individual under section 168(1)(a), and not at the Maximum Marginal Rate (MMR) by treating the estate as an Artificial Juridical Person (AJP). The executor of the Estate of Late Rajen Krishnalal Shah had filed the return under section 168. However, while processing the re...