https://www.taxtmi.com/caselaws?id=62041 The Tribunal ruled in favor of the assessee, determining that they were not liable to deduct tax at source on prize money from contests organized as they did not meet the legal definition of lotteries under the Income-tax Act. The contests were found to be based on skill and knowledge rather than pure chance, thus not falling under the purview of tax deduction requirements. The Tribunal upheld the decision of the first appellate authority, dismissing the Revenue's challenge and affirming that the contests organized did not constitute lotteries as defined in the relevant sections of the Income-tax Act. en-us Fri, 19 Mar 2004 00:00:00 +0530 Tue, 18 Jun 2013 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62041 The Tribunal ruled in favor of the assessee, determining that they were not liable to deduct tax at source on prize money from contests organized as they did not meet the legal definition of lotteries under the Income-tax Act. The contests were found to be based on skill and knowledge rather than pure chance, thus not falling under the purview of tax deduction requirements. The Tribunal upheld the decision of the first appellate authority, dismissing the Revenue's challenge and affirming that the contests organized did not constitute lotteries as defined in the relevant sections of the Income-tax Act. Case-Laws Income Tax Fri, 19 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62041