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of <h1>Appeal dismissed: ITAT upholds deduction for prize as lottery winnings under section 80TT.</h1> <h3>Fifth Income-Tax Officer. Versus R. Wilson.</h3> Fifth Income-Tax Officer. Versus R. Wilson. - ITD 002, 418, TTJ 016, 405, The appeal by the revenue against the AAC's order granting deduction under section 80TT was dismissed by the ITAT MADRAS-A. The assessee won a prize from a bank's scheme and claimed deduction under section 80TT, which was allowed. The ITAT held that the prize obtained by the assessee was winnings from a lottery, following precedents, and confirmed the AAC's order.
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