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SC upholds tax man's plea vs Amitabh Bachchan crorepati earnings [READ JUDGMENT]

Big-B: Not immune to the tax man
Big-B: Not immune to the tax man

The Supreme Court on Wednesday upheld a plea by income tax authorities challenging a Bombay high court order that had permitted Bollywood star Amitabh Bachchan tax relief in earnings made from "Kaun Banega Crorepati" (KBC).

An apex court bench comprising Justice Ranjan Gogoi and Justice Prafulla C Pant said: "We are of the opinion that the present is afit case for exercise of the suo motu revisional powers of the CIT (Commissioner of Income Tax) under Section 263 of the (Income Tax) Act."

Restoring the income tax commissioner's order, the bench set aside the 28 August, 2007 order of the Income Tax Appellate Tribunal (ITAT) and the 7 August, 2008 order of the high court.

Disposing of the plea by the income tax department, the bench said: "However, we have to add that as the re-assessment order dated 29 December, 2006 had not been tested on merits, the assessee would be free to do so, if he is so inclined and so advised."

The matter relates to the assessment order passed on 30 March, 2004 in respect of the star's income from the popular quiz show KBC in the fiscal year 2001-02.

But according to the chartered accountants and the legal advisory team of Amitabh, the case had no relation to the KBC case.

It further said that the Supreme Court had given Bachchan the right to appeal against the re-assessment order.

Read the judgment here .

Photo by Bollywood Hungama

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