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1986 (7) TMI 129 - AT - Income TaxExtract: .......ore, the assessee s case clearly falls within the exception engrafted in the said Explanation and as such the assessee s case is not hit by the provisions of Explanation to section 164. In the result, the assessee s income in our opinion is chargeable at appropriate rate and not at the maximum marginal rate. 5. In the result, the appeal is allowed.
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