https://www.taxtmi.com/caselaws?id=103284 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessees, a mother and son, in a case concerning the treatment of income from lottery winnings. The Assessing Officer's suspicions that the winnings were unaccounted money were deemed insufficient, as the assessees provided evidence such as lottery tickets, bank drafts, and TDS certificates. The Tribunal emphasized that mere suspicion without concrete evidence cannot be the sole basis for assessment, dismissing the Revenue's appeals. en-us Wed, 04 Sep 2002 00:00:00 +0530 Wed, 16 May 2012 19:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103284 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessees, a mother and son, in a case concerning the treatment of income from lottery winnings. The Assessing Officer's suspicions that the winnings were unaccounted money were deemed insufficient, as the assessees provided evidence such as lottery tickets, bank drafts, and TDS certificates. The Tribunal emphasized that mere suspicion without concrete evidence cannot be the sole basis for assessment, dismissing the Revenue's appeals. Case-Laws Income Tax Wed, 04 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103284