Salman to face the wrath of Income Tax Department

Salman to face the wrath of Income Tax Department
Thursday, October 14, 2010 12:59 IST
By Santa Banta News Network
Bollywood superstar Salman Khan and controversy go hand in hand! The latest news suggests that the actor is going to face the wrath of Income Tax Department, which has moved to the Bombay High Court claiming a huge amount of Rs 4 crore in a tax evasion case.

The IT department has challenged the order of the appellate body that forgave the actor from paying the amount.

A bench headed by Justice V V Daga will hear the case in due course. The actor was charged by the Income Tax Department with an amount of Rs 4 crore for assessment year 2000-2001.

During the same financial year, Salman declared his income to be Rs 9.32 crore. But, as per the findings of the I-T department, his income was found to be around Rs 13.61 crore. The actor was also informed about the reassessment.

Later, Salman challenged this estimation order before the Commissioner of Income Tax and the ruling came to his favour. Following this, the Income Tax department then filed a petition in the Income Tax Appellate Tribunal (ITAT) but it also dismissed the allegations, thus giving relief to Salman.

The Income Tax department has finally approached the High Court to set aside the ITAT order and demanded a stay on the implementation of the order. After hearing both sides, the court will give its final ruling.
Varun Dhawan Unveils First Poster of 'Nain Matakka' Featuring Keerthy Suresh!

Varun Dhawan's upcoming film Baby John is already creating waves in the entertainment world. The latest buzz surrounds the highly anticipated track "Nain Matakka," and the excitement reached new heights when Varun shared the

Friday, November 22, 2024
'Agni' Trailer Unveiled: A Tribute to Firefighters' Bravery and Sacrifice!

The much-anticipated trailer for Agni, directed by National Award-winning filmmaker Rahul Dholakia, was released on Thursday, offering a gripping look into the world of firefighters, their bravery, and the sacrifices they make to protect

Friday, November 22, 2024
Sara Ali Khan Shares Fun BTS Moments from Ad Shoot, Invites Fans to Let Their Spirits Soar!

Bollywood actress Sara Ali Khan recently took to Instagram to share a delightful behind-the-scenes (BTS) glimpse from her latest advertisement shoot, revealing her cheerful mood and creative spirit. In a playful and heartwarming post, Sara shared a video

Friday, November 22, 2024
Kartik Aaryan Enjoys Quality Time with 'Sea, Sand, and Sun' at IFFI Goa!

Bollywood heartthrob Kartik Aaryan, who is currently in Goa for the prestigious International Film Festival of India (IFFI) and Filmazaar, took a moment to unwind and connect with nature. The actor shared a series of serene pictures on his Instagram, showcasing

Friday, November 22, 2024
Shehnaaz Gill Starts Shooting for Punjabi Film: A New Journey Begins!

Actress and social media sensation Shehnaaz Gill is all set to embark on a new chapter in her career, as she commences shooting for her upcoming Punjabi film. The actress shared her excitement with her fans on Instagram, marking this milestone

Friday, November 22, 2024
ADVERTISEMENT
ADVERTISEMENT