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What is to be assessed as income from lottery is only the actual income received and not any notional income
Case Law Details
- Case Name
- M. K. Raghu Vs ACIT (Kerala High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Kerala High Court
RELEVANT PARAGRAPH
4. The next question to be considered is whether the assessee is entitled to deduction of tax at source made by the Sikkim authorities. As already stated, we notice that what is deducted as is clear from the certificate issued by the Lottery Director is the `Sikkim Income Tax’ and not income tax due under the Income Tax Act, 1961. section 194B of the Income Tax Act provides for deduction of tax while paying any income by way of winning from any lottery to any person. Section 199 of the Act provides that deduction of tax made under any provision of the Act should be pai...
