Tuesday, April 21, 2009

Why was Big B given tax rebate: SC


amitabh-bachchan3


The Supreme Court on Monday adjourned for two weeks
the hearing on the Income-Tax department’s plea challenging a Bombay High Court
order which gave tax relief to Bollywood actor Amitabh Bachchan.The case relates
to the actor’s income from popular TV game show Kaun Banega Crorepati.The High
Court had allowed I-T exemption on 30 per cent of Bachchan’s total income of Rs
50.92 crore from the show.


The High Court had accepted the actor’s plea that being an artist he should
be given tax relief under Section 80 RR of the Income-Tax Act.The I-T department
in its appeal challenged the order on the grounds that the relief is for those
artists who either earn by performing outside the country or receive payment
from foreign agencies.


It was submitted by the I-T department that Bachchan was acting as an anchor
in the television programme show for Star India Ltd and cannot be termed an
artist for his role in the show.

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