1991 (8) TMI 32

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....eference relates to the assessment year 1972-73. In the said order of assessment, the assessee was shown as an individual and, besides dealing in purchase and sale of Mainpuri tobacco, the assessee also used to earn commission income on sale of lottery tickets. Admittedly, no account has been maintained by the assessee. For the year in dispute, the accounting period ended on March 31, 1972. On the....

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....he receipt of Rs. 60,000 being bonus money as taxable income and not a casual income? 2. Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was justified in treating the income for the assessment year 1972-73 ? " We have heard Shri Vikram Gulati, learned counsel for the assessee. His submission is that although the commission on sale of lottery tickets may be ....

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.... [1960] 39 ITR 660 (Mad). The ratio of the said case is, however, clearly distinguishable inasmuch as, in the said case, the assessee who carried on the business of manufacturing and selling beedies attended horse races regularly every year and indulged in betting and entering in the races of horses, some of which were his own and some of which he owned in partnership with others. In that case, no....