The assessee during the course of assessment proceedings submitted that winning price from free coupons are not chargeable to tax. However, the assessment u/s 143(3) r.w.s. 147 was completed vide order dated 23.03.2001, wherein the Assessing Officer held that the assessee's first price of one kg. gold is nothing but winning from lottery and thus chargeable to tax as per rates provided in section 115BB of the I.T.Act.