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of <h1>Lottery winnings not exempt from tax due to lack of convincing oral agreement</h1> <h3>S. Arumugham And Others Versus Commissioner Of Income-Tax</h3> S. Arumugham And Others Versus Commissioner Of Income-Tax - [2000] 246 ITR 670, 117 TAXMANN 344 The High Court of Madras ruled that the assessee, who won a lottery, could not avoid paying tax on the winnings by claiming an oral agreement to share the prize. The Tribunal found the oral agreement not credible as the ticket was purchased with the assessee's own funds and no one else contributed. The tax was rightly levied on the assessee, and the prize amount is liable to be taxed in entirety in his hands as an individual.
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