https://www.taxtmi.com/caselaws?id=433358 The court ruled in favor of the Petitioner, directing the RBI to consider the compounding application for the specified period. The Petitioner's activities, involving skill-based games without monetary rewards, were deemed not to constitute gambling under Indian law. The court emphasized the need for continued compliance with laws and regulations, particularly to ensure legitimacy for future foreign investments. The Petition was disposed of without costs. en-us Wed, 18 Jan 2023 00:00:00 +0530 Fri, 27 Jan 2023 21:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433358 The court ruled in favor of the Petitioner, directing the RBI to consider the compounding application for the specified period. The Petitioner's activities, involving skill-based games without monetary rewards, were deemed not to constitute gambling under Indian law. The court emphasized the need for continued compliance with laws and regulations, particularly to ensure legitimacy for future foreign investments. The Petition was disposed of without costs. Case-Laws FEMA Wed, 18 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433358