Monday, March 30, 2015
January 08, 2013
First Published: 16:00 IST(8/1/2013)
Last Updated: 13:58 IST(9/1/2013)
Supreme Court issues notice to Amitabh Bachchan
Acting on a petition from the Income Tax department which stated that Amitabh Bachchan owes
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
14.99 crore for 2002-03. Then, on, March 31' 03, he filed revised returns declaring his total income for that year to be
Even before the assessment's completion, he withdrew the revised returns. Post that, when the Assessing Officer determined Big B's income at
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.
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