https://www.taxtmi.com/caselaws?id=469532 Section 167B of the Income-tax Act did not apply to a society registered under the Societies Registration Act, 1860, because that class of assessee is expressly excluded from its ambit. As the assessee's society registration was on record, the statutory basis for charging tax at the maximum marginal rate was absent. The rectification under section 154, which had imposed tax at that rate, therefore lacked legal foundation and was quashed. The stated deletion of the tax liability in appellate proceedings further indicated that no surviving demand remained. en-us Fri, 07 Mar 2025 00:00:00 +0530 Sat, 20 Jun 2026 21:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469532 Section 167B of the Income-tax Act did not apply to a society registered under the Societies Registration Act, 1860, because that class of assessee is expressly excluded from its ambit. As the assessee's society registration was on record, the statutory basis for charging tax at the maximum marginal rate was absent. The rectification under section 154, which had imposed tax at that rate, therefore lacked legal foundation and was quashed. The stated deletion of the tax liability in appellate proceedings further indicated that no surviving demand remained. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469532