https://www.taxtmi.com/caselaws?id=60497 The appeal filed by the assessee was partly allowed. The Tribunal directed the Assessing Officer to recompute the income excluding the application of section 115BB of the IT Act, 1961, regarding the taxability of prize money from unsold lottery tickets. Other issues such as the addition made by the Assessing Officer regarding the sale of lottery tickets at a lesser price and the disallowance of certain expenses were either disposed of accordingly or confirmed by the Tribunal. The case outcome favored the assessee with specific directions for reassessment by the Assessing Officer in line with the Tribunal's findings. en-us Thu, 31 Oct 1996 00:00:00 +0530 Wed, 05 Jan 2011 16:00:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60497 The appeal filed by the assessee was partly allowed. The Tribunal directed the Assessing Officer to recompute the income excluding the application of section 115BB of the IT Act, 1961, regarding the taxability of prize money from unsold lottery tickets. Other issues such as the addition made by the Assessing Officer regarding the sale of lottery tickets at a lesser price and the disallowance of certain expenses were either disposed of accordingly or confirmed by the Tribunal. The case outcome favored the assessee with specific directions for reassessment by the Assessing Officer in line with the Tribunal's findings. Case-Laws Income Tax Thu, 31 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60497