https://www.taxtmi.com/caselaws?id=16072 The court held that unsold and unclaimed prize-winning tickets do not constitute "winnings from lotteries" under section 2(24)(ix) of the Income-tax Act. Therefore, the court quashed the notices demanding tax deduction at source for these tickets, ruling that tax deduction under section 194B is mandatory only at the time of actual payment of lottery winnings. The court found the writ petition maintainable as it involved a legal question, allowing the petitions with each party bearing its own costs. The Revenue was instructed to assess income from unsold/unclaimed tickets as business income, not as lottery winnings. en-us Fri, 12 Mar 1999 00:00:00 +0530 Mon, 31 Aug 2009 18:00:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16072 The court held that unsold and unclaimed prize-winning tickets do not constitute "winnings from lotteries" under section 2(24)(ix) of the Income-tax Act. Therefore, the court quashed the notices demanding tax deduction at source for these tickets, ruling that tax deduction under section 194B is mandatory only at the time of actual payment of lottery winnings. The court found the writ petition maintainable as it involved a legal question, allowing the petitions with each party bearing its own costs. The Revenue was instructed to assess income from unsold/unclaimed tickets as business income, not as lottery winnings. Case-Laws Income Tax Fri, 12 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16072