https://www.taxtmi.com/caselaws?id=55221 The Tribunal allowed the assessee's appeal, confirming that deductions for expenses related to earning income from lottery winnings were valid under sections 80TT and 57(iii) of the Income-tax Act, 1961. The original assessment order's computation of income from lottery winnings was upheld, and the order under section 154, which had disallowed certain expenses, was set aside. The judgment clarified the scope of allowable deductions and emphasized that expenses exclusively for earning lottery income could be deducted. en-us Fri, 15 Mar 1991 00:00:00 +0530 Wed, 24 Nov 2010 16:20:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55221 The Tribunal allowed the assessee's appeal, confirming that deductions for expenses related to earning income from lottery winnings were valid under sections 80TT and 57(iii) of the Income-tax Act, 1961. The original assessment order's computation of income from lottery winnings was upheld, and the order under section 154, which had disallowed certain expenses, was set aside. The judgment clarified the scope of allowable deductions and emphasized that expenses exclusively for earning lottery income could be deducted. Case-Laws Income Tax Fri, 15 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55221