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Online Gaming Winnings Addition Remanded – Fresh Examination Directed: ITAT Chennai
Case Law Details
- Case Name
- Angappan Rama Shankar Vs ITO (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2022-23
- Courts
- All ITAT, ITAT Chennai
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Angappan Rama Shankar Vs ITO (ITAT Chennai)
Online gaming winnings addition remanded – Gross receipts taxed without verifying buy-in losses; fresh examination directed – ITAT Chennai
In Angappan Rama Shankar vs ITO (A.Y. 2022-23), the AO added entire gross winnings of ₹99.25 lakh from an online gaming portal as income, holding that losses cannot be set off against lottery winnings. The CIT(A) confirmed the addition ex-parte.
Before the Tribunal, the assessee contended that only net winnings should be taxed after considering “buy-in” amounts and gaming expenses. The ITAT observed that...
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