MADRAS RACE CLUB,CHENNAI vs. DCIT, CHENNAI
In the result, the appeals of the assessee is ITA Nos
ITA 646/CHNY/2015[2007-08]Status: DisposedITAT Chennai28 Oct 2015AY 2007-08
Bench: Shri N.R.S. Ganesan & Shri Chandra Poojari] आयकर अपील सं./I.T.A.Nos.646, 647, 648, 649, 650, 651, 652, 653, 654, 655, 656 & 657/Mds/2015 "नधा"रण वष" /Assessment Years : 2007-08, 2007-08, 2008-09, 2008- 09, 2009-10, 2009-10, 2010-11, 2010-11, 2011-12, 2011-12, 2012-13 & 2012-13. M/S. Madras Race Club Vs. The Deputy Commissioner Of Race Course Road, Income Tax, Guindy, Tds Circle –I, Chennai 600 032. Chennai [Pan Aaacm 7640R] (अपीलाथ"/Appellant) (""यथ"/Respondent)
For Appellant: Dr. Anitha Sumanth, AdvocateFor Respondent: Dr. Milind Madhukar Bhusari, IRS, CIT
Section 194Section 194BSection 201Section 201(1)Section 25Section 74A
TDS to be made on 'winnings from race horses' with effect from 01.04.1978, the Circular 240 dated 17.05.1978 came to be issued clarifying that it did not apply to stake money. Hence, insertion of the words 'card game or other game of any sort' to section 194B
