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ITAT Mumbai Rejected TDS on Stake Money Despite Section 194B Amendment:
Case Law Details
- TaxGuru Citation
- 2026 taxguru.in 1245
- Case Name
- Royal Western India Turf Club Limited Vs ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-2019
- Courts
- All ITAT, ITAT Mumbai
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Royal Western India Turf Club Limited Vs ITO (ITAT Mumbai)
Stake Money Not Subject to TDS: ITAT Mumbai Deletes ₹12.92 Crore Demand on RWITC, Follows Binding Precedents
The Mumbai ITAT (D-Bench) partly allowed the appeal of Royal Western India Turf Club Ltd. (RWITC) for AY 2018-19 and deleted a massive TDS demand of ₹12.92 crore raised under Sections 201(1) and 201(1A). The Tribunal held that “stake money” paid to horse owners is not liable to TDS either under Section 194B or Section 194BB, reaffirming that stake money is distinct from winnings by punters/bettors. Relyi...
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