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1993 (4) TMI 9 - SC - Income Tax
Prizes were awarded to assessee - Whether Tribunal was right in holding that the total sum of Rs. 22,000 received by the assessee from the Indian Oil Corporation and All India Highway Motor Rally should not be brought to tax - we hold that the receipt in question herein does constitute " income " as defined in clause (24) of section 2 of the Act. The appeal is accordingly allowed and the question referred by the Tribunal is answered in the negative