https://www.taxtmi.com/caselaws?id=163054 Lottery tickets were treated as involving two distinct interests: the right to participate in the draw, which was regarded as goods, and the chance to win, which was treated as an actionable claim. Applying prospective overruling, the declaration of law was taken to govern transactions and proceedings not yet final. As the earlier levy had not been finally concluded and no tax had been recovered for that period, the sales tax demand notice for the prior assessment years could not be sustained and was set aside. en-us Thu, 24 Aug 2006 00:00:00 +0530 Fri, 21 Mar 2014 10:12:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163054 Lottery tickets were treated as involving two distinct interests: the right to participate in the draw, which was regarded as goods, and the chance to win, which was treated as an actionable claim. Applying prospective overruling, the declaration of law was taken to govern transactions and proceedings not yet final. As the earlier levy had not been finally concluded and no tax had been recovered for that period, the sales tax demand notice for the prior assessment years could not be sustained and was set aside. Case-Laws VAT and Sales Tax Thu, 24 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163054