https://www.taxtmi.com/caselaws?id=56227 The tribunal partly allowed the appeal, ruling that Section 167A of the Income-tax Act, 1961, was not applicable to the assessee. The tax would be payable at the rate ordinarily applicable to the total income of an AOP, not at the maximum marginal rate. The tribunal emphasized that Board Circulars, even if deviating from statutory provisions, are binding on Income-tax Officers. en-us Mon, 18 Mar 1996 00:00:00 +0530 Thu, 02 Dec 2010 14:44:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56227 The tribunal partly allowed the appeal, ruling that Section 167A of the Income-tax Act, 1961, was not applicable to the assessee. The tax would be payable at the rate ordinarily applicable to the total income of an AOP, not at the maximum marginal rate. The tribunal emphasized that Board Circulars, even if deviating from statutory provisions, are binding on Income-tax Officers. Case-Laws Income Tax Mon, 18 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56227