https://www.taxtmi.com/caselaws?id=794242 Section 167B applies the maximum marginal rate where members' shares in an association of persons or body of individuals are indeterminate or unknown, but expressly excludes societies registered under the Societies Registration Act, 1860 or corresponding state law. Income of a society registered under the Karnataka Societies Registration Act, 1960 is therefore outside section 167B and remains taxable at normal applicable slab rates. Earlier acceptance of normal rates and a coordinate bench view support that treatment. en-us Mon, 29 Jun 2026 00:00:00 +0530 Thu, 02 Jul 2026 08:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794242 Section 167B applies the maximum marginal rate where members' shares in an association of persons or body of individuals are indeterminate or unknown, but expressly excludes societies registered under the Societies Registration Act, 1860 or corresponding state law. Income of a society registered under the Karnataka Societies Registration Act, 1960 is therefore outside section 167B and remains taxable at normal applicable slab rates. Earlier acceptance of normal rates and a coordinate bench view support that treatment. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794242