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HC relief for Big B's tax woes

Court rejected an appeal by I-T dept against an order in favour of the actor pertaining to reassessment of his earnings in 2002-03

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Bombay High Court recently dismissed an Income Tax department appeal against an order in favour of actor Amitabh Bachchan, holding that the plea did not involve ‘any substantial question of law’.

On October 13, 2002, Bachchan had filed his income tax return, declaring his earnings to be Rs 14.99 crore, for the assessment year 2002-2003. On March 31, 2002, he filed a revised return of income on the basis of estimates by his insurance agents, where he claimed 30 per cent expenses amounting to Rs 6.31 crore, ultimately determining his income to beu00a0Rs 8.11 crore.

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