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Why was Big B given tax rebate: SC asks I-T dept
Published on Mon, Apr 20, 2009 at 18:32, Updated on Mon, Apr 20, 2009 at 18:45 in Entertainment section
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New Delhi: 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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Truth about AB aka Amitabh Bachchan
* AB is a Hero in REEL and Villain in REAL
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When he chose Amar Singh as his friend all that is to be told about Amithab is said. But that
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WHY THIS STUPID CELEBRITY GET TAX HEAVEN.BECOZ OF BIG MONEY POWER TAX DEPT ALSO GET BUTTER OUT OF THIS REBATE
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Dear friend, I will fully agree with your views that more wealth one will become greedy.
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They have crorers and they want more?! Where will this greed end? Beggars are better...they dont have and they beg.
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