https://www.taxtmi.com/caselaws?id=18164 The court ruled in favor of the assessee, affirming the deduction of Rs. 15,000 against the jackpot race winnings. The court upheld the Tribunal's decision to estimate the expenditure based on the account books provided by the assessee, concluding that personal expenses and amounts invested in purchasing tickets could not be allowed as deductions. The court found no reason to interfere with the Tribunal's order and rejected the Department's arguments against the allowance of certain expenses. en-us Thu, 11 Jan 1996 00:00:00 +0530 Wed, 15 Apr 2015 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18164 The court ruled in favor of the assessee, affirming the deduction of Rs. 15,000 against the jackpot race winnings. The court upheld the Tribunal's decision to estimate the expenditure based on the account books provided by the assessee, concluding that personal expenses and amounts invested in purchasing tickets could not be allowed as deductions. The court found no reason to interfere with the Tribunal's order and rejected the Department's arguments against the allowance of certain expenses. Case-Laws Income Tax Thu, 11 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18164