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2004 (5) TMI 32 - RAJASTHAN HIGH COURTIncome from Lottery – Additions u/s 69 made in the hands of assessee in the wealth-tax assessment - authenticity of the purchase of lottery ticket - The case of the Department is that they have purchased the ticket after draw of lottery and converted black money into white. - As in the income-tax appeals, we have taken the view that Rs. 88.80 lakhs is a result of lottery draw in the name of three brothers and now the three brothers have offered one third of that amount in their income-tax returns and that should be taxed as offered by all three brothers, therefore, the Assessing Officer has wrongly included Rs. 88.80 lakhs in the wealth of the assessee, Suresh Kumar, in the assessment year 1988-89. - There is no justification to make such addition in the wealth-tax assessment of Suresh Kumar. He has already shown one-third of Rs. 88.80 lakhs as his wealth in the wealth-tax returns in the year 1989-90, that be accepted. – Revenue’s appeal dismissed
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