HC admits tax appeal against Salman Khan
Actor Salman Khan has said in the Bombay high court that there is nothing to link him to documents recovered by the Income Tax department from his secretary Sudhir Wahi’s house in November 2000.mumbai Updated: Jan 19, 2011 02:44 IST
Actor Salman Khan has said in the Bombay high court that there is nothing to link him to documents recovered by the Income Tax department from his secretary Sudhir Wahi’s house in November 2000.
A division bench of justice JP Devdhar and justice Mridula Bhatkar admitted the appeal filed by I-T department against the orders passed in Khan’s favour in an alleged tax evasion case of Rs4 crore for 2000-2001.
For the financial year, 1999-2000, Khan had declared his income as Rs9.32 crore and it was accepted by the department under section 143(3) and 147 of the Income Tax Act, 1950, which makes it mandatory for the department to issue intimation notice to the assessee (Khan).
Later, I-T conducted searches at Wahi’s premises on November 26, 2000 and recovered documents which allegedly detailed undisclosed cash receipts by Khan. According to I-T’s appeal, they had reopened assessment on the basis of cash receipts worth Rs2.45 crore recovered from producers Shyam Bajaj and Bobby Kent and cash loaned to another producer KC Bokadia along with interest earned.
Khan had challenged the assessment officer’s order. The Commissioner of I-T, Appeals upheld the order but he granted relief to Khan. The I-T challenged the relief in the Income Tax Appellate Tribunal (ITAT) and in June 2009, the ITAT ruled in favour of Khan.