The Supreme Court has allowed its authorization to the pay charge office to revive its 2010 assessment body of evidence against veteran on-screen character Amitabh Bachchan over his profit from the TV show Kaun Banega Carorepati.
In its controlling the Supreme Court, putting aside the decision of the Bombay High Court maintained the IT office’s allure against the lower court’s choice that offered alleviation to Bachchan in a duty debate case that emerged from his profit from the show KBC. While the Bombay High Court had rejected the IT office’s supplication in 2015 permitting Bachchan an assessment exception for being a craftsman on the appear, the Supreme Court had before looked for the performer’s reaction on a request by the Income Tax Department, which guaranteed that the on-screen character owes to it Rs 1.66 crore as charges on his pay he earned through the test show amid 2001-02.
For the uninitiated, back in 2008 the Bombay High Court had granted Bachchan an income tax exemption on 30 percent of his income of Rs 50.92 crore from the show, while accepting the actor’s plea that being an artiste; he should be given tax relief under Section 80 RR of the Income Tax Act. Following this the Income Tax department had in its appeal challenged the order on the ground that the relief is for those artists, who either earn by performing outside the country or receive payment from foreign agencies.
Reacting to the same the actor’s accountants and lawyers released a statement stating, “The said mentioned case has no relation to KBC whatsoever in any matter or context. The said mentioned case has not been opened. The Supreme Court has given the respondent i.e. Mr. Amitabh Bachchan the right to appeal against the re-assessment order…..
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