https://www.taxtmi.com/caselaws?id=774877 ITAT Panaji set aside CIT(A)'s order regarding maximum marginal rate application under section 167B for AOP members' shares. The appellate authority erroneously found members' shares indeterminate when they were actually zero percent and determinate, with no profit distribution to members. AR cited similar relief granted in another case for A.Y.2023-24. ITAT remitted the matter back to CIT(A) for fresh adjudication on merits with adequate hearing opportunity for the assessee. Appeal allowed for statistical purposes. en-us Fri, 25 Apr 2025 00:00:00 +0530 Wed, 16 Jul 2025 08:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774877 ITAT Panaji set aside CIT(A)'s order regarding maximum marginal rate application under section 167B for AOP members' shares. The appellate authority erroneously found members' shares indeterminate when they were actually zero percent and determinate, with no profit distribution to members. AR cited similar relief granted in another case for A.Y.2023-24. ITAT remitted the matter back to CIT(A) for fresh adjudication on merits with adequate hearing opportunity for the assessee. Appeal allowed for statistical purposes. Case-Laws Income Tax Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774877