https://www.taxtmi.com/caselaws?id=10559 The Tribunal ruled in favor of the Revenue and against the assessee in a case concerning the taxability of income from the Sikkim State lottery under the Income-tax Act, 1961. It held that the income from the lottery, received in Jaipur, India, is taxable under the Act as the assessee is an ordinary resident of India. Additionally, the deduction under section 80TT should be based on the net amount of the lottery winnings after deducting expenses, aligning with the provisions of the relevant sections of the Act. en-us Fri, 10 Sep 2004 00:00:00 +0530 Sat, 21 Apr 2018 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10559 The Tribunal ruled in favor of the Revenue and against the assessee in a case concerning the taxability of income from the Sikkim State lottery under the Income-tax Act, 1961. It held that the income from the lottery, received in Jaipur, India, is taxable under the Act as the assessee is an ordinary resident of India. Additionally, the deduction under section 80TT should be based on the net amount of the lottery winnings after deducting expenses, aligning with the provisions of the relevant sections of the Act. Case-Laws Income Tax Fri, 10 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10559