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High Court of Karnataka Adjudicates TDS Obligations of Turf Clubs on Stake Money Payments to Horse Owners under Income Tax Act. Interpretation of Section 194B and CBDT Circulars Central to Dispute over Characterization of Stake Money as Winnings.

The case involved writ petitions filed by Bangalore Turf Club Limited, Mysore Race Club Limited, Karnataka Race Horse Owners Association, and an indiv...

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Bombay High Court Confirms Death Sentence of Repeat Offender in NDPS Act Case. Accused Found with 188 kg Hashish and Previously Convicted; Enhanced Punishment Under Section 31-A of NDPS Act Imposed for Possession of Commercial Quantity.

The case arose from a letter dated 13-01-2002 sent by the Zonal Director, NCB, Ahmedabad to the Zonal Director, NCB, Mumbai, informing about the inter...