Taxation of AOP u/s 167B depends on clarity of members' shares; involves non-resident Canadian company taxed at 42.23%.

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....Taxation of Association of person (AOP) u/s 167B - one of the member of AOP is an Non Resident i.e. HPI, a company registered in Canada and the income of this member is taxable at 42.23%. In order to determine the applicability of Section 167B(1) of the Act, it is essential to decide whether the shares of the members of the AOP are indeterminate or unknown.....