https://www.taxtmi.com/caselaws?id=70609 Deduction under section 80TT for lottery winnings had to be computed on the gross prize declared, not on the net amount received after agent's commission. The commission was treated as an outgoing incurred to obtain the prize and not as a diversion by overriding title, so it did not reduce the winnings for section 80TT purposes. Section 2(24)(ix) did not justify confining the winnings to net receipt. The commission could be considered only after computing the deduction, and recomputation was directed on the gross winnings basis. en-us Mon, 30 Jul 1984 00:00:00 +0530 Mon, 18 Apr 2011 11:23:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70609 Deduction under section 80TT for lottery winnings had to be computed on the gross prize declared, not on the net amount received after agent's commission. The commission was treated as an outgoing incurred to obtain the prize and not as a diversion by overriding title, so it did not reduce the winnings for section 80TT purposes. Section 2(24)(ix) did not justify confining the winnings to net receipt. The commission could be considered only after computing the deduction, and recomputation was directed on the gross winnings basis. Case-Laws Income Tax Mon, 30 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70609