He put Rs 2.61 crore in online rummy and poker but lost Rs 28 lakh; taxman sought tax on Rs 2.33 crore, why ITAT Bangalore rejected demand

The ITAT Bangalore held that, in the circumstances of this case, the amount that could be brought to tax was the actual net winnings from online gaming, rather than gross credits appearing in a player’s wallet or amounts shown as winnings at different stages of the gameplay.
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