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.
Malaika Arora Shares a Heartwarming Peek Into Her Favorite Things and Personal Life!

Malaika Arora, the ever-stylish Bollywood diva and fitness icon, has once again captured hearts—this

Wednesday, April 09, 2025
Mammootty's 'Bazooka' Pre-Release Teaser Packs a Punch Ahead of Grand Theatrical Launch!

The excitement is reaching fever pitch as the makers of the highly anticipated action thriller

Wednesday, April 09, 2025
Kashika Kapoor Earns Acclaim with Debut in Love Your Father, Expresses Desire to Share Screen with Icon Star Allu Arjun!

Telugu cinema has found a promising new face in Kashika Kapoor, who made a remarkable debut with the

Wednesday, April 09, 2025
Paresh Rawal Sparks Excitement: 'Hera Pheri 3' Likely to Release Before 2026 Monsoon!

The beloved comedy franchise Hera Pheri is officially back in the spotlight as veteran actor Paresh Rawal

Wednesday, April 09, 2025
Celebrating 20 Years of Lucky- Writer Director duo Radhika Rao and Vinay Sapru Remember Salman Khan as their forever Favourite Hero!

Today marks 20 years since Lucky: No Time For Love first hit the screens. This romantic film introduced us to

Wednesday, April 09, 2025
ADVERTISEMENT
ADVERTISEMENT