https://www.taxtmi.com/caselaws?id=103042 Horse racing is treated as a game of mere skill where its dominant determinants include breeding, training, jockey skill, speed, stamina, form and expert judgment; betting or wagering on such races consequently falls outside penal gaming provisions. A statutory declaration seeking protection under Article 31(c) requires a genuine nexus with the objectives in Articles 39(b) or 39(c). Acquisition of a race club lacks that protection where the club does not control material community resources or affect the economic system in that constitutional sense. Selective takeover without a rational basis, particularly where company-law remedies exist for mismanagement, is arbitrary and discriminatory and violates Article 14. en-us Fri, 12 Jan 1996 00:00:00 +0530 Thu, 23 Mar 2017 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103042 Horse racing is treated as a game of mere skill where its dominant determinants include breeding, training, jockey skill, speed, stamina, form and expert judgment; betting or wagering on such races consequently falls outside penal gaming provisions. A statutory declaration seeking protection under Article 31(c) requires a genuine nexus with the objectives in Articles 39(b) or 39(c). Acquisition of a race club lacks that protection where the club does not control material community resources or affect the economic system in that constitutional sense. Selective takeover without a rational basis, particularly where company-law remedies exist for mismanagement, is arbitrary and discriminatory and violates Article 14. Case-Laws Companies Law Fri, 12 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103042