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2004 (8) TMI 90 - HC - Income TaxReassessment notice u/s 148 - income from lottery prize - Held that the purchasers of the lottery ticket did not form an association of persons and the income from lottery was not liable to be assessed in the hands of such an association. The initiation of the proceeding under section 147/148 as well as the impugned notice is thus illegal, null and void as the same are in contravention of the mandatory provisions of the Act. – Further, plea of the Revenue that the writ petitions are pre-mature does not commend for acceptance.
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