Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Entry 34 of List II was construed broadly to include betting and wagering on games of skill when money is staked on an uncertain outcome, and the protection for games of skill does not extend to betting on those games unless a statute creates an exception. The Court also held that the expression "gaming" is not a fixed nomen juris confined to games of chance, so Legislatures may define it for the purpose of curbing online betting and gambling. The impugned Tamil Nadu and Karnataka enactments were upheld as neither manifestly arbitrary nor disproportionate, and were also supported by the States' public order power because online money gaming was found to affect public tranquility, safety and community welfare.
Entry 34 of List II was construed broadly to include betting and wagering on games of skill when money is staked on an uncertain outcome, and the protection for games of skill does not extend to betting on those games unless a statute creates an exception. The Court also held that the expression "gaming" is not a fixed nomen juris confined to games of chance, so Legislatures may define it for the purpose of curbing online betting and gambling. The impugned Tamil Nadu and Karnataka enactments were upheld as neither manifestly arbitrary nor disproportionate, and were also supported by the States' public order power because online money gaming was found to affect public tranquility, safety and community welfare.
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