https://www.taxtmi.com/caselaws?id=797780 A society filing its income-tax return as an association of persons or body of individuals is taxable at normal rates where that status applies; maximum marginal rate treatment is unwarranted. Where the society's total income is below the taxable limit, no tax liability arises and the returned income is to be accepted without applying the maximum marginal rate. The relevant distinction is between the entity's declared taxable status and an unsupported application of the higher rate. en-us Fri, 21 Aug 2026 00:00:00 +0530 Thu, 27 Aug 2026 08:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797780 A society filing its income-tax return as an association of persons or body of individuals is taxable at normal rates where that status applies; maximum marginal rate treatment is unwarranted. Where the society's total income is below the taxable limit, no tax liability arises and the returned income is to be accepted without applying the maximum marginal rate. The relevant distinction is between the entity's declared taxable status and an unsupported application of the higher rate. Case-Laws Income Tax Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797780