https://www.taxtmi.com/caselaws?id=66189 The tribunal ruled in favor of the assessee, determining that the prize won in a slogan contest required skill and expertise, not just chance or luck. The prize was held not to be taxable under section 2(24)(ix) of the Income-tax Act as it did not fall under the definition of winnings from races or games. The tribunal emphasized that coining slogans involved the exhibition of skill by the assessee, distinguishing it from a game of chance. The department's appeal was dismissed, and the assessed income was reduced by the amount of the prize. en-us Tue, 03 Mar 1987 00:00:00 +0530 Tue, 22 Feb 2011 10:42:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66189 The tribunal ruled in favor of the assessee, determining that the prize won in a slogan contest required skill and expertise, not just chance or luck. The prize was held not to be taxable under section 2(24)(ix) of the Income-tax Act as it did not fall under the definition of winnings from races or games. The tribunal emphasized that coining slogans involved the exhibition of skill by the assessee, distinguishing it from a game of chance. The department's appeal was dismissed, and the assessed income was reduced by the amount of the prize. Case-Laws Income Tax Tue, 03 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66189