Whether ALL PRIZE MONEY TAXABLE UNDER SECTION 115BB EXCEPT THOSE EXEMPT U/S 10

A number of corporate organizes competition based on real world problems. The topics are like: The corporate will have a panel ,who will judge the best solution and accordingly prize money will be awarded. i am attaching the paper of one such competition from gsk pharmaceuticals ltd. i wanted to know, whether these receipts also will be considered for the purpose of section 115bb in the hands of recipient .In my opinion, these receipts are not  lottery, nor any games or race. so it should not be taxed under section 115bb but should be in the normal course with the…

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