Tax authorities to reopen case against Amitabh Bachchan

BACKamitabhThe Supreme Court has allowed the Income Tax department to reopen the 2001 tax case against superstar Amitabh Bachchan over his earnings during the popular TV quiz show Kaun Banega Crorepati (KBC).

The Supreme Court set aside the Bombay High Court’s order that gave relief to the actor in a tax dispute on his earnings from the show.

The Income Tax department had also challenged the Bombay High Court’s order in the apex court.

In 2008 the High Court had allowed IT exemption on 30 percent of Bachchan’s total income of Rs.50.92 core from the show. The Court accepted Bachchan’s plea that being an artiste he should be given tax relief under a section of the Income Tax Act.