Charge of tax in the case of a firm

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....cified in the Finance Act of the relevant year].]     **************** NOTES:- 1.  Inserted vide Section 16 of the Finance Act, 1981 w.e.f. 01-04-1981 2.  Substituted vide Section 30 of the Finance Act, 1985 w.e.f. 01-04-1985 before it was read as,  "Charge of tax where shares of members unknown. 167A. (1) Where the individual shares of the members o....

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....ction, - (a) "maximum marginal rate" shall have the meaning assigned to it in Explanation 2 below sub-section (3) of section 164; (b) the individual shares of the members of an association of persons in the income of such association shall be deemed to be indeterminate or unknown if such shares are indeterminate or unknown on the date of formation of such association or at any time thereafter.....

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.... or any part of the income of such association shall be deemed to be indeterminate or unknown if such shares (in relation to the whole or any part of such income) are indeterminate or unknown on the date of formation of such association or at any time thereafter.]]" 4.  Substituted vide Section 26 of the Direct Tax Laws (Amendment) Act, 1989 w.e.f. 01-04-1989 [as it stood imm....