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.
Azaad Hai Tu Title Track Witnesses One of the Biggest Song Launches of 2024!

Ajay Devgn, Director Abhishek Kapoor, Producer Pragya Kapoor, Aaman Devgn, and Rasha Thadani Captivate Bhubaneswar with a Grand Unveiling of the

Monday, December 23, 2024
Paatal Lok Season 2 Release Date, Everything You Need to Know About the Upcoming Crime Thriller!

The highly anticipated second season of the crime-thriller series Paatal Lok is set to premiere on January 17, exclusively on OTT platform Prime Video. With a stellar cast

Monday, December 23, 2024
Advance Bookings for this year's mass commercial Christmas entertainer Baby John are now open!

Produced by Murad Khetani, Priya Atlee, and Jyoti Deshpande, Baby John is a story that is close to everyone's heart. Directed by Kalees, the film is filled with emotions, humor, action, lively

Monday, December 23, 2024
Badshah Calls for Unity Amidst Diljit Dosanjh and A. P. Dhillon Controversy!

The escalating tension between Punjabi superstar Diljit Dosanjh and singer-songwriter A. P. Dhillon has caught the attention of rapper Badshah, who has stepped in with a message

Monday, December 23, 2024
Allu Arjun's House Attacked Over Demands for Compensation in Stampede Incident!

The controversy surrounding the tragic stampede at Sandhya Theatre in Hyderabad continues to escalate. On Sunday, protesters targeted the residence of Telugu superstar

Monday, December 23, 2024
ADVERTISEMENT
ADVERTISEMENT