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1981 (4) TMI 15 - KARNATAKA HIGH COURTExtract: ....... such assets exceeds Rs. 1.5 lakhs, the limit of Rs. 1.5 lakhs shall be raised to the said value. That is, in a case where the value of the assets falling under cls. (xv) and (xvi) exceed Rs. 1.5 lakhs, the maximum amount of deduction permissible Would be the value of those two items. Accordingly, we answer the question referred in the affirmative.
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