https://www.taxtmi.com/caselaws?id=61489 The Tribunal upheld the decision of the Revenue Authorities to tax the value of a Matiz car received by the assessee as winning from a lottery under the Income-tax Act. Despite the assessee's argument that the car was received as a gift, the Tribunal determined that the scratch card scheme, related to the purchase of a refrigerator, qualified as a lottery due to the contribution made by the party. The appeal was dismissed, and the taxability of the car as lottery winnings was confirmed. en-us Mon, 15 May 2006 00:00:00 +0530 Fri, 29 Jun 2012 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61489 The Tribunal upheld the decision of the Revenue Authorities to tax the value of a Matiz car received by the assessee as winning from a lottery under the Income-tax Act. Despite the assessee's argument that the car was received as a gift, the Tribunal determined that the scratch card scheme, related to the purchase of a refrigerator, qualified as a lottery due to the contribution made by the party. The appeal was dismissed, and the taxability of the car as lottery winnings was confirmed. Case-Laws Income Tax Mon, 15 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61489