https://www.taxtmi.com/caselaws?id=68590 The Tribunal upheld the decision to tax the KBC winnings at the normal rate for the assessment year 2001-02, dismissing the Revenue's appeal. It concluded that the Explanation to section 2(24)(ix) was prospective, and the issue was deemed debatable, making it unsuitable for rectification under section 154. en-us Fri, 28 Jul 2006 00:00:00 +0530 Mon, 16 Jul 2012 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68590 The Tribunal upheld the decision to tax the KBC winnings at the normal rate for the assessment year 2001-02, dismissing the Revenue's appeal. It concluded that the Explanation to section 2(24)(ix) was prospective, and the issue was deemed debatable, making it unsuitable for rectification under section 154. Case-Laws Income Tax Fri, 28 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68590