Casual and non-recurring receipt : Exemption u/s.10(3)
Court :
High Court
Brief :
Casual and non-recurring receipt : Exemption u/s.10(3) of Income-tax Act, 1961 : A.Y. 1994-95 : Incentive prize received on coupon given on the strength of NSC : Is not a lottery : Is casual and non-recurring receipt exempt u/s.10(3).
Citation :
B. K. Suresh v. ITO (221 CTR 80 (Kar.)
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CA.Tarun Maheshwari
Published in Income Tax
Views : 3528
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