Substitution of now sections for section 167A

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..... "DD .- Firms, association of persons and body of individuals 167A. Charge of tax in the case of a firm. In the case of a firm which is assessable as a firm, tax shall be charged on its total income at the maximum marginal rate. 167B. Charge of tax where shares of members in association of persons or body of individuals unknown, etc. (1) Where the individual shares of the members of an a .....

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..... e Act of the relevant year, tax shall be charged on the total income of the association or body at the maximum marginal rate: Provided that, where the total income of any member of such association or body (whether or not it exceeds the maximum amount aforesaid) is chargeable to tax at a rate which is higher than the maximum marginal rate, tax shall be charged on the total income of the associat .....

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