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1988 (7) TMI 47 - KARNATAKA HIGH COURTExtract: ........ There is absolutely no ambiguity in the provisions of section 206C and even if there is any doubt, it is clarified by the press note. There is no reason for any apprehension by the petitioner that by the implementation of this scheme, it results in levy of tax at 66 2/3 on the deemed income of the petitioner. Hence, the writ petition is rejected.
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