Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Stake Money Received by Horse Owners Not Subject to TDS u/s 194B or 194BB: ITAT
Other Legal Matters
ITAT ruled "stake money" paid to horse owners by race clubs isn't "winnings" under Sections 194B/194BB, exempting it from TDS. The tribunal distinguished stake money (participation subsidy) from prize money, citing its purpose to offset horse maintenance costs. This judgment aligns with precedent that only competitive winnings constitute taxable income, providing clarity for race clubs and protecting horse owners from unwarranted tax deductions.
