Provision of Section 167B(1) applies if shares of members of AOP indeterminate & unknown

M/s. Herve Pomerleau International CCCL Joint Venture Vs ACIT (ITAT Chennai) Assessee challenges the action of the lower authorities applying provisions of Section 167B(1) of the Act while computing tax liability. Admittedly, in the present case, assessee was assessed in the status of AOP. The provisions of Section 167B of the Act provides that where the individual shares of the members of the AOP in the whole or any part of the income of the AOP or indeterminate or unknown, tax shall be charged on the total income of the association at the maximum marginal rate of tax. Proviso to Section 167B...