ITAT Mumbai Rejected TDS on Stake Money Despite Section 194B Amendment:

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

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