The Supreme Court on Thursday dismissed yet another petition filed by a UP resident seeking to pay undisclosed income along with tax and penalty in old notes under the Pradhan Mantri Garib Kalyan Yojana . Under the scheme, any citizen could deposit his old notes with a bank, provided he was willing to lock up 25%of the money in bonds for four years and pay his taxes and penalties. Besides this, the person would have to pay 30 % tax, 33 % surcharge and 10%penalty. The Uttar Pradesh resident claimed that though he had tried to deposit unaccounted amount of Rs 33 lakh, the bank had turned him away. Under the scheme any person could deposit his undisclosed income in old notes between December 17, 2016 and March 31, 2017. Those who deposit it later, would have to pay tax and surcharge and penalty up to 85%. Those who do not disclose but are caught holding undisclosed income would have to pay tax and penalty upwards of 200 %. Petitioner's lawyer told a bench of Chief Justice J