AMITABH BACHAN in a problem. Reopening Of Kaun Banega Crorepati Income Tax Case

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In a setback to actor Amitabh Bachchan, the Supreme Court on Wednesday allowed the income tax department to reassess his tax filings for the year 2001-2002.The case relates to income earned by the actor from the popular television quiz show Kaun Banega Crorepati.The apex court, while calling for a fresh assessment by the income tax department, set aside the judgment of the Bombay high court, which had ruled in favour of Bachchan.According to the tax department, the actor paid Rs.1.6 crore as tax on an income of Rs.3.23 crore, while the assessing officer chalked up a figure of Rs.26 crore as income for that year. Bachchan explained the difference by claiming exemption under Section 80RR of the Income-tax Act that entitled an artist to get a tax waiver up to 30% on his earnings abroad..

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    In a setback to actor Amitabh Bachchan, the Supreme Court on Wednesday allowed the income tax department to reassess his tax filings for the year 2001-2002.The case relates to income earned by the actor from the popular television quiz show Kaun Banega Crorepati.The apex court, while calling for a fresh assessment by the income tax department, set aside the judgment of the Bombay high court, which had ruled in favour of Bachchan.According to the tax department, the actor paid Rs.1.6 crore as tax on an income of Rs.3.23 crore, while the assessing officer chalked up a figure of Rs.26 crore as income for that year. Bachchan explained the difference by claiming exemption under Section 80RR of the Income-tax Act that entitled an artist to get a tax waiver up to 30% on his earnings abroad.

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    My Lens Setup - Canon EF50MM F/1.8 STM Lens - https://amzn.to/41CEeX4
    My Audio Setup - Zoom H1n Handy Recorder - https://amzn.to/3mudhFa

    Home Bar Accessories - https://amzn.to/3LedEOv
    Glassware - https://amzn.to/3KRPSrf
    Ice mould - https://amzn.to/3EWlecr

    Disclaimer:
    The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.

    About The Channel:-
    If you love homestyle cocktails, reviews of Alcohol, Drink kn

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