https://www.taxtmi.com/caselaws?id=799140 Section 167B does not apply to a public charitable society merely because its members' income shares are unspecified. The provision applies where members of an association of persons or body of individuals have indeterminate or unknown shares, whereas a public charitable body serves the public at large and its members have no entitlement to its income. Its income is therefore taxable at the normal rate applicable to an association of persons, rather than at the maximum marginal rate. en-us Fri, 11 Sep 2026 00:00:00 +0530 Thu, 17 Sep 2026 07:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799140 Section 167B does not apply to a public charitable society merely because its members' income shares are unspecified. The provision applies where members of an association of persons or body of individuals have indeterminate or unknown shares, whereas a public charitable body serves the public at large and its members have no entitlement to its income. Its income is therefore taxable at the normal rate applicable to an association of persons, rather than at the maximum marginal rate. Case-Laws Income Tax Fri, 11 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799140