Amitabh gets court notice on tax exemption

Amitabh gets court notice on tax exemption
Tuesday, May 05, 2009 11:11 IST
By Santa Banta News Network
Bollywood megastar Amitabh Bachchan Monday got a notice from the Supreme Court on a plea challenging a judicial verdict allowing 30 percent tax rebate on his income to the tune of Rs.509 million in fiscal 2001-02.

A bench of Justice S.H. Kapadia and Justice Aftab Alam sought Bachchan's stand on the lawsuit by the union government's Income Tax Department.

The bench also asked the actor to account for his 2001-02 income and expenditure with appropriate proof and adjourned the matter for final hearing on Oct 28.

The case largely pertains to the actor's income from the popular TV game show "Kaun Banega Crorepati" on Star TV.

The Bombay High Court had allowed the actor to avail the tax relief accepting his plea that as an artist he was entitled to the exemption as per section 80 RR of the Income Tax Act.

The Income Tax Department, however, challenged the high court ruling contending that section 80 RR of the IT Act grants tax rebates only to those artistes who earn either by performing outside the country or receive payment from foreign agencies.

The tax authorities have contended that the TV show was produced by Indian firm Star India Ltd. that renders him ineligible for the tax rebate.
AICWA Condemns Pakistani Actors Amid Renewed India-Pakistan Tensions!

The All Indian Cine Workers Association (AICWA) has once again ignited the debate over cross-border

Thursday, May 08, 2025
Battles, Beats and Big Surprises: Shantanu along with the Campus Beats team Light Up Realme Hip Hop India Season 2 this week!

Embrace yourselves for an electrifying weekend on Realme Hip Hop India Season 2 streaming on

Thursday, May 08, 2025
Jackie Shroff to play Brig - Joshi in Tanvi The Great!

Anupam Kher’s directorial Tanvi The Great has been creating waves ever since its announcement. Following

Thursday, May 08, 2025
RJ Mahvash Makes OTT Debut in 'Pyaar, Paisa aur Profit': Yuzvendra Chahal Congratulates Her with Heartfelt Message!

In a heartwarming gesture that has sparked online buzz, Indian cricketer Yuzvendra Chahal publicly

Thursday, May 08, 2025
Trailer of 'His Story of Itihaas' Unveiled, Subodh Bhave Leads This Bold Battle for Truth!

The gripping trailer of His Story of Itihaas is finally out, offering a powerful glimpse into a story that

Tuesday, May 06, 2025
ADVERTISEMENT
ADVERTISEMENT