https://www.taxtmi.com/caselaws?id=36877 The High Court ruled in favor of the assessee in both references, affirming their entitlement to the claimed relief under section 80TT of the Income-tax Act, 1961. The court concluded that the income received from the chit fund company constituted income from a lottery, making the assessee eligible for deductions under section 80TT. The decision was supported by legal reasoning, precedents, and a thorough analysis of the relevant provisions of the Act. en-us Wed, 23 Jan 1980 00:00:00 +0530 Thu, 25 Mar 2010 11:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36877 The High Court ruled in favor of the assessee in both references, affirming their entitlement to the claimed relief under section 80TT of the Income-tax Act, 1961. The court concluded that the income received from the chit fund company constituted income from a lottery, making the assessee eligible for deductions under section 80TT. The decision was supported by legal reasoning, precedents, and a thorough analysis of the relevant provisions of the Act. Case-Laws Income Tax Wed, 23 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36877