https://www.taxtmi.com/caselaws?id=172275 The Madras High Court held that the prize received by the appellant did not constitute lottery income. The Court allowed the appeal, setting aside the orders of the lower authorities and quashing the addition of the prize money to the appellant's income. The Division Bench ruled in favor of the assessee, concluding that the amendments to the Act regarding lottery winnings were not retrospective and therefore did not apply to the case. en-us Mon, 21 Jan 2008 00:00:00 +0530 Fri, 12 Aug 2016 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172275 The Madras High Court held that the prize received by the appellant did not constitute lottery income. The Court allowed the appeal, setting aside the orders of the lower authorities and quashing the addition of the prize money to the appellant's income. The Division Bench ruled in favor of the assessee, concluding that the amendments to the Act regarding lottery winnings were not retrospective and therefore did not apply to the case. Case-Laws Income Tax Mon, 21 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172275