https://www.taxtmi.com/caselaws?id=247232 The High Court upheld the Tribunal's decision classifying prize money from unsold lottery tickets as "winnings from lotteries" taxable under Section 115BB. The Court affirmed the disallowance of a claimed loss and remanded the issue of disallowed entries in the Prize-winning Tickets Creditors Account for fresh examination. The appeal was partially allowed, with specific directions for reassessment on the disallowed entries. en-us Fri, 02 May 2014 00:00:00 +0530 Thu, 08 May 2014 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247232 The High Court upheld the Tribunal's decision classifying prize money from unsold lottery tickets as "winnings from lotteries" taxable under Section 115BB. The Court affirmed the disallowance of a claimed loss and remanded the issue of disallowed entries in the Prize-winning Tickets Creditors Account for fresh examination. The appeal was partially allowed, with specific directions for reassessment on the disallowed entries. Case-Laws Income Tax Fri, 02 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247232