S. 194B : Deduction at source-Winning from lottery-Cross word puzzle -stake money–Money paid to horse owners for winning races The position of TDS on ‘stake money’ has not changed even after amendment in S. 194B of the Act by Finance Act, 2001 and the position prior to amendment continues to prevail, i.e. stake money is not liable to deduct tax at source either under S.194BB or under S.194B of the Act-Recipients have shown the income received from the assessee and paid the taxes-Assessee cannot be treated as an assessee in default–Interest levied is set aside. [S. 194BB, 201(1), 201(IA)].