https://www.taxtmi.com/caselaws?id=37659 The High Court of Karnataka affirmed that the receipt of prizes totaling Rs. 6,69,152 from Mysore State Lotteries by the assessee was considered income arising from the business activities. The court held that the prize amount was not exempt from income tax as it was earned in the normal course of business, in addition to the agreed commission. The Tribunal's decision, supported by the Commissioner, was upheld, emphasizing that the receipt was part of the gross income from the business. en-us Thu, 04 Jan 1979 00:00:00 +0530 Wed, 31 Mar 2010 12:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37659 The High Court of Karnataka affirmed that the receipt of prizes totaling Rs. 6,69,152 from Mysore State Lotteries by the assessee was considered income arising from the business activities. The court held that the prize amount was not exempt from income tax as it was earned in the normal course of business, in addition to the agreed commission. The Tribunal's decision, supported by the Commissioner, was upheld, emphasizing that the receipt was part of the gross income from the business. Case-Laws Income Tax Thu, 04 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37659