Taxability of awards for sportsmen—Clarification regarding.

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....) on January 22, 1986 (see [1986] 157 ITR (St.) 52) clarifying that awards received by a sportsman, who is not a professional, will not be liable to tax in his hands as the award will be in the nature of a gift and/or personal testimonial. 2. The said circular was applicable in a tax regime when gift was not taxable in the hands of the recipient and with the fundamental change in the manner of ....