https://www.taxtmi.com/caselaws?id=18040 The High Court held that the lottery winnings of Rs. 17,85,000 should be assessed individually in the hands of the members and not as an 'association of persons' (AOP). The Court found that there was no agreement between the individuals to form an entity for producing income before purchasing the lottery ticket, and the mere agreement to share the prize money did not constitute an AOP. Therefore, the High Court upheld the Tribunal's decision, ruling against the Department's contention that the winnings should be assessed as an AOP. en-us Mon, 05 Jun 1995 00:00:00 +0530 Sat, 26 Sep 2009 13:23:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18040 The High Court held that the lottery winnings of Rs. 17,85,000 should be assessed individually in the hands of the members and not as an 'association of persons' (AOP). The Court found that there was no agreement between the individuals to form an entity for producing income before purchasing the lottery ticket, and the mere agreement to share the prize money did not constitute an AOP. Therefore, the High Court upheld the Tribunal's decision, ruling against the Department's contention that the winnings should be assessed as an AOP. Case-Laws Income Tax Mon, 05 Jun 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18040