https://www.taxtmi.com/news?id=14546 Power of the Commercial Tax Department to enforce taxation on horseracing and associated betting operations includes authority to take necessary actions such as seizure of books of accounts. The Hyderabad Horse Racing and Betting Tax Regulation of 1358 F governs taxation of horseracing and connected betting, but the Court emphasised gaps in the Regulation and urged legislative or regulatory reform to prevent revenue leakage. en-us Wed, 27 May 2015 16:15:01 +0530 Wed, 27 May 2015 16:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14546 Power of the Commercial Tax Department to enforce taxation on horseracing and associated betting operations includes authority to take necessary actions such as seizure of books of accounts. The Hyderabad Horse Racing and Betting Tax Regulation of 1358 F governs taxation of horseracing and connected betting, but the Court emphasised gaps in the Regulation and urged legislative or regulatory reform to prevent revenue leakage. News - Wed, 27 May 2015 16:15:01 +0530 https://www.taxtmi.com/news?id=14546