https://www.taxtmi.com/caselaws?id=36359 The Court determined that the previous year for jackpot winnings should be the financial year ending on March 31, 1972, not June 30, 1972. The Court clarified that the receipts were not from undisclosed sources and should not be taxed in the assessment year 1973-74. The exemption under section 10(3) was not limited to Rs. 1,000, and the entire amount of jackpot winnings was not taxable for that assessment year. en-us Wed, 30 Jul 1980 00:00:00 +0530 Mon, 22 Mar 2010 10:07:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36359 The Court determined that the previous year for jackpot winnings should be the financial year ending on March 31, 1972, not June 30, 1972. The Court clarified that the receipts were not from undisclosed sources and should not be taxed in the assessment year 1973-74. The exemption under section 10(3) was not limited to Rs. 1,000, and the entire amount of jackpot winnings was not taxable for that assessment year. Case-Laws Income Tax Wed, 30 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36359