Share of member of an association of persons or body of individuals in the income of the association or body

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....he association or body computed in the manner provided in section 67A : Provided that, - (a) where the association or body is chargeable to tax on its total income at the maximum marginal rate or any higher rate under any of the provisions of this Act, the share of a member computed as aforesaid shall not be included in his total income; (b) in any other case, the share of a member computed as aforesaid shall form part of his total income : Provided further that where no income-tax is chargeable on the total income of the association or body, the share of a member computed as aforesaid shall be chargeable to tax as part of his total income and nothing contained in this section shall apply to the case.]   &....

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....9 before it was read as, "Other incomes 86. Income-tax shall not be payable by an assessee in respect of the following- (i) ^2[****] (ii) ^3[****] (iii) if the assessee is a partner of an unregistered firm ^5[[not being an unregistered firm assessed as a registered firm under clause (b) of section 183]], any portion of the assessee's share in the profits and gains of the firm computed in the manner laid down in section 67 on which ^1[income-tax is payable by the firm]; (iv) ^4[****] (v) ^8[(v) if the assessee is a member of an association of persons or a body of individuals (other than a company or a cooperative society or a society registered under the Societies Registratio....

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....ection 17 of the Direct Tax Laws (Amendment) Act, 1989 w.e.f. 01-04-1989 before it was read as, "(v) if the assessee is a member of an association of persons, or a body of individuals other than a Hindu undivided family, a company or a firm, any portion of the amount which he is entitled to receive from the association or body on which income-tax has already been paid by the association or body." 9.  Substituted vide Section 49 of the Finance Act, 1992 w.e.f. 01-04-1993 before it was read as, "^7[Share of member of an association of persons or body of individuals in the income of the association or body. 86. Where the assessee is a member of an association of persons or body of individual....