AdvertisementSanidhya Roongta Benefit Trust Vs ITO (ITAT Jaipur) Jaipur ITAT: Private Specific Trust with Determinate Sole Beneficiary Entitled to Individual Slab Rates; Maximum Marginal Rate Not Applicable The Jaipur ITAT allowed the appeals of Sanidhya Roongta Benefit Trust, holding that a private specific trust having a single determinate beneficiary cannot be taxed at the Maximum Marginal Rate (MMR) and is entitled to the slab rates applicable to an individual. The Tribunal directed the Jurisdictional Assessing Officer to grant the benefit of individual slab rates for AYs 2015-16 and 2016-17. The asses...