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1986 (7) TMI 131 - AT - Income TaxExtract: .......fore the assessee s case clearly falls within the exception engrafted in the said Explanation and as such assessee s case is not hit by the provisions of Explanation to s. 164 of the Act. 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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