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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 Commissioner (CT) Enforcement Wing, Hyderabad - 2015 (5) TMI 831 - ANDHRA PRADESH HIGH COURT has made the following obserations: Horseracing and certain other forms of betting in connection therewith is well known across the world. There is a phenomenal incr .....

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