https://www.taxtmi.com/caselaws?id=798353 Online gaming winnings under Section 115BB must be identified after setting off participation buy-in amounts against gross gaming receipts. Although Section 58(4) bars deductions for expenditure incurred in earning such winnings, it does not permit gross receipts to be treated automatically as taxable winnings without determining the net result of the gaming transactions. Where platform data shows that total buy-ins exceed gross winnings, no taxable gaming income arises. The gross-winnings addition was therefore deleted. en-us Wed, 02 Sep 2026 00:00:00 +0530 Sat, 05 Sep 2026 08:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798353 Online gaming winnings under Section 115BB must be identified after setting off participation buy-in amounts against gross gaming receipts. Although Section 58(4) bars deductions for expenditure incurred in earning such winnings, it does not permit gross receipts to be treated automatically as taxable winnings without determining the net result of the gaming transactions. Where platform data shows that total buy-ins exceed gross winnings, no taxable gaming income arises. The gross-winnings addition was therefore deleted. Case-Laws Income Tax Wed, 02 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798353