SC gives notice to Amitabh Bachchan
SC gives notice to Amitabh BachchanA notice was issued to Amitabh Bachchan by a Supreme Court Bench comprising Justices S H Kapadia and Aftab Alam on the Income Tax department’s appeal challenging a Bombay High Court order allowing the actor a 30% tax waiver on his Rs 52 crore earning from the popular TV show`Kaun Banega Crorepati’. The case was adjourned to October 28. Amitabh is required to file reply to the notice.
The HC had allowed the concession accepting Bachchan’s plea that 30% of his earnings, being cash in hand, were spent and the rest was transferred to his company Amitabh Bachchan Corporation Limited (ABCL).