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2005 (1) TMI 627 - AT - Income TaxExtract: ....... by way of winning from lottery. The Assessing Officer has charged tax at the rate of 40 per cent. as mandated under section 115BB. In our view tax has been correctly charged at the rate of 40 per cent. and therefore, on this issue the orders of the revenue authorities are confirmed. In the result, the assessee rsquo s appeal stands partly allowed.
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