https://www.taxtmi.com/caselaws?id=69817 The Appellate Tribunal held that the prize received by the assessee from a bank deposit is considered a lottery for the assessment year 1979-80, as it was received unexpectedly and by mere chance. The departmental appeal was dismissed based on this finding, with emphasis on the unexpected nature of the prize being the determining factor, irrespective of the non-loss of the initial investment in the scheme. en-us Tue, 20 Apr 1982 00:00:00 +0530 Tue, 12 Apr 2011 12:17:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69817 The Appellate Tribunal held that the prize received by the assessee from a bank deposit is considered a lottery for the assessment year 1979-80, as it was received unexpectedly and by mere chance. The departmental appeal was dismissed based on this finding, with emphasis on the unexpected nature of the prize being the determining factor, irrespective of the non-loss of the initial investment in the scheme. Case-Laws Income Tax Tue, 20 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69817