1984 (7) TMI 224

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.... U. P. State Lottery carrying the first prize of Rs. 3 lakhs. Her ticket won the first prize. After deducting 11 per cent of the prize towards agent's commission and souvenir expenses, the U. P. Government gave her a sum of Rs. 2,67,000. The payment was made after further deducting the income-tax deductible at source amounting to Rs. 92,115. Since the assessee had no other income filed a return sh....

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.... sum equal to 50 per cent of the amount by which the winnings exceeded Rs. 5,000. Clearly, the winning were only the sum of Rs. 3 lakhs. The agent's commission was an outgoing from the income by wary of winnings and was not a diversion by overriding title so as to cease to be the income of the assessee. Nor is there anything in the definition of 'income' in s. 2(24)(ix) to support the case of the ....