Supreme Court issues notice to Amitabh Bachchan
- Supreme Court stays release of Rajiv Gandhi killers after Centre opposes Jayalalithaa's decision
- Rajiv Gandhi assassination case forces adjournment of Parliament
- Facebook to acquire WhatsApp for USD 19 billion in cash and stock deal
- Congâs first casualty of Telangana Bill: Its govt and Chief Minister in Andhra
- Hazare snubs Kejriwal, declares support to Mamata in LS elections
Acting on a petition from the Income Tax department which stated that Amitabh Bachchan owes Rs. 1.66 crores in taxes for his show Kaun Banega Crorepati for the year 2002-03, the Supreme Court today issued a notice to the star. Readers may recall that in July 2012, the Bombay High Court had granted relief to Big B by dismissing the appeal filed by the IT Commissioner who had reopened the actor's assessment proceedings for the year 2002-03.
In the month of October 2002, Amitabh had filed returns declaring his income to be Rs. 14.99 crore for 2002-03. Then, on, March 31' 03, he filed revised returns declaring his total income for that year to be Rs 8.11 crore. Even before the assessment's completion, he withdrew the revised returns. Post that, when the Assessing Officer determined Big B's income at Rs 56.41 crore, Big B was issued a notice under Section 147 of the IT Act seeking to reopen the assessment proceedings for the year 2002-03.
- LS polls: Cong playing wait-and-watch game in dozen-plus seats in state
- ‘Rs 2.3 cr spent on bungalow for former Prez, but that’s no loss to exchequer’
- 9 illegal immigrants working on Army premises nabbed
- BJP’s Saurashtra unit split wide open over former minister’s snub
- Modi: Happy that my speeches contribute to nation’s coffers
- The regressive state