The Supreme Court today allowed the Income Tax department to reopen a 2001 tax case against Amitabh Bachchan. According to Income Tax department Amitabh owes Rs. 1.66 crore in taxes for Kaun Banega Crorepati for the year 2001-2002. Amitabh has been hosting the show for the fifth time since 2000.
In income tax return filed on October 13, 2002, Amitabh had stated Rs. 14.99 crore as his income for the assessment year 2001-2002. On March 31, 2002, he filed revised returns declaring his total income for the assessment year 2001-02 as Rs. 8.11 crore. However, before the assessment could be completed, the actor withdrew the revised returns. On March 29, 2005, the Assessing Officer completed the assessment determining the actor’s income at Rs. 56.41 crore. On April 5, 2006, a notice was issued to Mr Bachchan seeking to reopen the assessment proceedings.
Supreme Court allowed the Income Tax department to reopen tax case against Amitabh Bachchan relating to this income from the show Kaun Banega Crorepati.
Telecom service providers have challenged a call drop penalty of Rs.1 for a call that ends abruptly due to poor network connectivity, up to three a day, payable from 1 January. The Telecom Regulatory Authority of India (Trai) imposed this penalty in October last year. The Delhi high court upheld the Trai regulations in January, soon after which the tel cos moved the apex court.
The Supreme Court will continue to hear arguments in Tamil Nadu chief minister J. Jayalilathaa’s defence in the appeal filed by the Karnataka government against her acquittal in a disproportionate assets case. Last year, the Karnataka government approached the apex court, saying that the high court ignored clinching evidence. Jayalalithaa was convicted by a special court in Bengaluru for amassing assets disproportionate to her income when she was the Tamil Nadu CM during 1991-1996.
The IT department in its appeal had challenged the order on the ground that the relief is for those artistes who either earn by performing outside the country or receive payment from foreign agencies. It was submitted by the IT department that Mr Bachchan was acting as an anchor in the television programmer show for Star India Ltd and cannot be termed artiste for his role in the show.
Amitabh Bachchan to face 2001 tax case again, rules SC (TV reports)
— Business Standard (@bsindia) May 11, 2016