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Section 167B of the Income-tax Act, 1961—Association of persons— Income of the members being in the slab of maximum rate of tax, the society is not entitled to the benefit of exemption from the minimum amount and liable to the incidence of maximum marginal rate income of section 167B(ii). - AIR FORCE NAVY FARM OWNERS WELFARE ASOCIATION V/s ITO - [2020] 183 ITD 611 (ITAT-DELHI)