“Stake money” or “prize money” paid by race clubs to horse owners won’t attract TDS under sec. 194B

IT : The term 'any other similar game' found in Explanation (ii) to Section 2(24)(ix) is inclusive definition and has to be read ejusdem generis and as such, activity of owning and maintaining horses cannot by any stretch of imagination fall in the definition of 'card game or other game of any sort' found in section 194B.Therefore, the "stake money" or "prize money" paid by race clubs to horse owners would not attract the provisions of Section 194B of the IT Act.