https://www.taxtmi.com/caselaws?id=397066 The Tribunal dismissed the appeal of the assessee, upholding the decisions of the lower authorities regarding the applicability of section 167B on the society registered under the Societies Registration Act, 1860, and the assessment of income and claim of expenditure by the Assessing Officer. The society was denied the benefit of exemption under section 167B(2) due to its members' income exceeding the basic exemption limit, resulting in the entire income being subjected to the maximum marginal rate of tax. en-us Thu, 16 Jul 2020 00:00:00 +0530 Sat, 01 Aug 2020 11:38:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397066 The Tribunal dismissed the appeal of the assessee, upholding the decisions of the lower authorities regarding the applicability of section 167B on the society registered under the Societies Registration Act, 1860, and the assessment of income and claim of expenditure by the Assessing Officer. The society was denied the benefit of exemption under section 167B(2) due to its members' income exceeding the basic exemption limit, resulting in the entire income being subjected to the maximum marginal rate of tax. Case-Laws Income Tax Thu, 16 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397066