https://www.taxtmi.com/caselaws?id=30343 The High Court upheld the Tribunal's decision to delete tax levied by the Assessing Officer under sections 201(1) and 194B of the Income Tax Act. The Court agreed that the amendment including winning prizes by draw of lots as part of a lottery was not in force during the relevant assessment period, thus making the provisions inapplicable retrospectively. Consequently, the appellant was not liable for Tax Deducted at Source on prize distribution by draw of lots, leading to the dismissal of the appeal and affirming the assessee's non-liability for TDS. en-us Thu, 15 Jun 2006 00:00:00 +0530 Sat, 23 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30343 The High Court upheld the Tribunal's decision to delete tax levied by the Assessing Officer under sections 201(1) and 194B of the Income Tax Act. The Court agreed that the amendment including winning prizes by draw of lots as part of a lottery was not in force during the relevant assessment period, thus making the provisions inapplicable retrospectively. Consequently, the appellant was not liable for Tax Deducted at Source on prize distribution by draw of lots, leading to the dismissal of the appeal and affirming the assessee's non-liability for TDS. Case-Laws Income Tax Thu, 15 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30343