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2003 (12) TMI 34 - HC - Income TaxWhether the Tribunal was right in holding that distribution of prizes under the District Level Gift Linked Savings Mobilisation Scheme did not constitute "lottery" and the provisions of section 194B of the Income-tax Act are not applicable and if applicable, as to whether the Tribunal was right in cancelling the penalty imposed. – Question is answered in affirmative and in favour of assessee
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