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1996 (10) TMI 124 - AT - Income TaxExtract: ....... we are of the opinion that the income earned on the unsold lottery tickets is taxable under the head Income from business and as a natural consequence, section 115BB of the Act has no application in this regard. Assessing Officer is directed to recompute the income accordingly. 20. In the result, the appeal filed by the assessee is partly allowed.
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