question archive Bala,aged 45 is a resident of Australia
Bala,aged 45 is a resident of Australia
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Bala,aged 45 is a resident of Australia. He had recently attended a prime time quiz show and has won $100,000 worth of cash prizes.Bala believes this is income. Advise whether it is assessable income. What factors will be considered to regard as assessable income? Cite relevant case laws or rulings if any.
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