Prize money winning out of unsold lottery tickets - business ...

Case Laws Income Tax

July 6, 2016

Prize money winning out of unsold lottery tickets - business income OR income from other sources - A.O. treated this income separately and assessed the income as income from other sources and assessed tax accordingly - ITAT upheld the decision of CIT(A) who has deleted the additions - AT

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Prize money winning out of unsold lottery tickets - business ...

Case Laws Income Tax

July 6, 2016

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The key points covered in the summary are: The assessee claimed tax deducted at source (TDS) on prize winnings from unsold lottery tickets as business income and set off...

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