2006 (6) TMI 107

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....e Appellant. 2. The following question has been raised in this Appeal. Whether on the facts and circumstances of the case, the Appellate Tribunal was right in law in deleting the tax levied by the order passed by the Assessing Officer u/s.201(1) r.w.s.194B of the I.T.Act,1961?" 3. The case of the assessee earlier was that the amount distributed as prize by draw of lots did not form part o....

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....ry' w.e.f.1.4.2002 by the expression intended by the legislature. Therefore, I find merit in the arguments of the learned counsel for the assessee that the winning of prize by lots stood included in the lottery w.e.f. this date. The assessee's case fall to the period prior to the amendment, therefore, the provisions of Section 2(24)(ix) and consequently Section 194B proviso were not applicable to ....