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Imposition of tax on horseracing / betting - powers of Commercial Tax Department - Seizure of books of accounts - Scope of Hyderabad Horse Racing and betting Tax Regulation of 1358 F

Dated:- 27-5-2015 - While upholding the power of Commercial Tax Department to take necessary action in respect of Imposition of tax on horseracing / betting, the Hon'ble High Court in the matter of: M/s. Satty and Associates Versus Joint Commissi .....

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ease in the race-goers in India in the recent times. Though huge revenues of the Government towards horseracing and betting in connection therewith are involved, it appears, no serious thought is given to bring about a new legislation covering severa .....

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