https://www.taxtmi.com/caselaws?id=303432 The Tribunal in the case addressed various issues including the diversion at source of collections and disbursements from punters in horse racing, disallowance under section 40A(3) of the Income-tax Act, claim of carry forward and set off business losses, enhancement of total income by CIT(A), and disallowance under section 40(a)(ia) for payments including subsidy amount, contribution to Turf authorities, and dope testing charges. The Tribunal directed the A.O. to re-examine certain issues, deleted disallowances where not in accordance with the law, and treated both appeals of the assessee as allowed for statistical purposes. en-us Thu, 21 Apr 2022 00:00:00 +0530 Fri, 22 Jul 2022 09:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303432 The Tribunal in the case addressed various issues including the diversion at source of collections and disbursements from punters in horse racing, disallowance under section 40A(3) of the Income-tax Act, claim of carry forward and set off business losses, enhancement of total income by CIT(A), and disallowance under section 40(a)(ia) for payments including subsidy amount, contribution to Turf authorities, and dope testing charges. The Tribunal directed the A.O. to re-examine certain issues, deleted disallowances where not in accordance with the law, and treated both appeals of the assessee as allowed for statistical purposes. Case-Laws Income Tax Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303432