https://www.taxtmi.com/caselaws?id=10877 The court upheld the decisions of the Commissioner of Income-tax (Appeals) and the Income-tax Appellate Tribunal, confirming that the lottery amount should be taxed equally among the three brothers in the assessment year 1989-90. The additions made under section 69 were rightly deleted due to the failure of the Assessing Officer to substantiate the claim that the ticket was purchased post-draw. Consequently, the wealth-tax assessment was also adjusted to reflect the correct distribution of the lottery amount. All seven appeals were dismissed. en-us Thu, 20 May 2004 00:00:00 +0530 Mon, 27 Jul 2009 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10877 The court upheld the decisions of the Commissioner of Income-tax (Appeals) and the Income-tax Appellate Tribunal, confirming that the lottery amount should be taxed equally among the three brothers in the assessment year 1989-90. The additions made under section 69 were rightly deleted due to the failure of the Assessing Officer to substantiate the claim that the ticket was purchased post-draw. Consequently, the wealth-tax assessment was also adjusted to reflect the correct distribution of the lottery amount. All seven appeals were dismissed. Case-Laws Income Tax Thu, 20 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10877