Lottery Business – Sale did not take place on dispatch of tickets to stockiest, but only on sale to ultimate customer

HIGH COURT OF DELHI Commissioner of Income-tax versus K and Co. Income Tax Reference nos. 60, 61 & 69 – 72 of 1999 Date of Pronouncement – 14.02.2013 JUDGMENT Badar Durrez Ahmed, J. These six income tax references pertaining to the assessment years 1989-90 to 1993-94 raise the following questions :- “Assessment Year 1989-1990: (1) Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that the assessee firm was entitled to depreciation claim of Rs. 18,67,822/- only in respect of commercial vehicl...