https://www.taxtmi.com/caselaws?id=460808 The ITAT Delhi ruled in favor of the assessee, holding that provisions of Section 167B do not apply to societies registered under the Societies Registration Act. The AO had incorrectly determined the assessee's status as Association of Person instead of Artificial Juridical Person. Following precedents from ITAT Visakhapatnam in similar educational society cases, the Tribunal concluded that maximum marginal rates under Section 167B cannot be applied to registered societies, thereby rejecting the AO's classification and tax treatment. en-us Wed, 11 Jan 2023 00:00:00 +0530 Fri, 21 Feb 2025 19:22:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460808 The ITAT Delhi ruled in favor of the assessee, holding that provisions of Section 167B do not apply to societies registered under the Societies Registration Act. The AO had incorrectly determined the assessee's status as Association of Person instead of Artificial Juridical Person. Following precedents from ITAT Visakhapatnam in similar educational society cases, the Tribunal concluded that maximum marginal rates under Section 167B cannot be applied to registered societies, thereby rejecting the AO's classification and tax treatment. Case-Laws Income Tax Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460808