https://www.taxtmi.com/caselaws?id=62808 The Tribunal dismissed both appeals, holding that the winnings from the lottery were taxable under section 2(24)(ix) of the Income-tax Act, 1961. The Tribunal emphasized the element of chance in determining if a scheme qualified as a lottery and clarified that income need not be recurrent to be taxable. The decision was based on legal principles, interpretations of statutory provisions, and precedents, affirming that all winnings from lotteries are taxable as income from other sources. en-us Mon, 17 Sep 1984 00:00:00 +0530 Fri, 21 Jan 2011 18:31:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62808 The Tribunal dismissed both appeals, holding that the winnings from the lottery were taxable under section 2(24)(ix) of the Income-tax Act, 1961. The Tribunal emphasized the element of chance in determining if a scheme qualified as a lottery and clarified that income need not be recurrent to be taxable. The decision was based on legal principles, interpretations of statutory provisions, and precedents, affirming that all winnings from lotteries are taxable as income from other sources. Case-Laws Income Tax Mon, 17 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62808