Income Tax Act Sec 167B: AOP taxed at maximum rate if any member's income exceeds exemption limit.

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....Applicability of section 167B - taxing at maximum marginal rate - assessment of AOP - Unambiguous provisions of 167B(2), if income of any member (other than the share of such Association) is higher than the basic exemption limit of the relevant year, the income of the Association is chargeable at the maximum marginal rate. - AT....