https://www.taxtmi.com/caselaws?id=788516 Section 167B maximum marginal rate was held inapplicable on the facts of the case despite the revenue's computation under the regular assessment and surcharge framework, because the assessee's position under section 115BAC(1A) did not justify applying MMR. The Tribunal considered the interaction of sections 167B, 115BAC(1A), 160 and 164, and found that the CPC's tax calculation could not stand. The lower orders were set aside and the assessing officer was directed to recalculate tax, if any, without applying MMR. en-us Fri, 20 Mar 2026 00:00:00 +0530 Tue, 24 Mar 2026 08:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788516 Section 167B maximum marginal rate was held inapplicable on the facts of the case despite the revenue's computation under the regular assessment and surcharge framework, because the assessee's position under section 115BAC(1A) did not justify applying MMR. The Tribunal considered the interaction of sections 167B, 115BAC(1A), 160 and 164, and found that the CPC's tax calculation could not stand. The lower orders were set aside and the assessing officer was directed to recalculate tax, if any, without applying MMR. Case-Laws Income Tax Fri, 20 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788516