AOP taxed at normal rates instead of maximum marginal rate as section 167B not applicable

National Association of Interlocking Surgeons Vs ITO (ITAT Pune)

ITAT Pune held that Association of Person (AOP) taxable at Normal Rates instead of Maximum Marginal Rate (MMR) as provisions of section 167B of the Income Tax Act are not applicable. Accordingly, appeal of assessee allowed.

Facts- The assessee is an AOP taxable under the Normal rate of Income-tax. It filed the return of income for the Y. 2010-11 which was processed by CPC on 26.03.2012 by calculating the tax payable at Maximum Marginal Rate. The assessee filed the rectification application u/s.

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