1982 (4) TMI 190

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....see in respect of a deposit with the Thanjavur Permanent Bank Limited to the tune of Rs. 10,000 is a lottery. The AAC held that the prize obtained under such prize scheme sponsored by banks in respect of the deposits made by the depositor is a lottery. Hence, the departmental appeal. 2. The ground raised by the Department are; The AAC has erred in holding that the prizes under the scheme evo....