https://www.taxtmi.com/caselaws?id=14565 The court ruled against the assessee's claim for a deduction under section 80TT for jackpot winnings from horse racing. The judgment emphasized the distinction between winnings from lotteries and races, citing statutory provisions that specifically allowed deductions for lottery winnings but not for race winnings. The court's decision was based on the clear statutory framework and previous case law, ultimately favoring the Revenue and denying the assessee's claim for the deduction. en-us Tue, 24 Oct 2000 00:00:00 +0530 Fri, 17 Jul 2009 12:06:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14565 The court ruled against the assessee's claim for a deduction under section 80TT for jackpot winnings from horse racing. The judgment emphasized the distinction between winnings from lotteries and races, citing statutory provisions that specifically allowed deductions for lottery winnings but not for race winnings. The court's decision was based on the clear statutory framework and previous case law, ultimately favoring the Revenue and denying the assessee's claim for the deduction. Case-Laws Income Tax Tue, 24 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14565