https://www.taxtmi.com/caselaws?id=798828 Section 167B applies maximum marginal taxation to an association of persons or body of individuals only in specified circumstances where members' shares are indeterminate or unknown. A public charitable trust has no individual beneficiaries with distributable shares and is not subject to the maximum marginal rate merely because beneficiary shares cannot be identified. Its charitable character and relevant assessment records, including the trust deed, rectification application, return of income and original assessment order, require verification. Subject to that verification, the trust's income is chargeable at normal rates rather than under section 167B. en-us Wed, 09 Sep 2026 00:00:00 +0530 Sat, 12 Sep 2026 08:41:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798828 Section 167B applies maximum marginal taxation to an association of persons or body of individuals only in specified circumstances where members' shares are indeterminate or unknown. A public charitable trust has no individual beneficiaries with distributable shares and is not subject to the maximum marginal rate merely because beneficiary shares cannot be identified. Its charitable character and relevant assessment records, including the trust deed, rectification application, return of income and original assessment order, require verification. Subject to that verification, the trust's income is chargeable at normal rates rather than under section 167B. Case-Laws Income Tax Wed, 09 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798828