Kamal Haasan gets relief in I-T case
Posted on: 06/Jul/2011 7:58:10 AM
The Supreme Court on Tuesday gave relief to actor Kamal Haasan in an income tax case by rejecting the petition filed by the government regarding transfer of overseas telecast rights of his film, Kuruthi Punal.
A three-judge Bench headed by Chief Justice S H Kapadia dismissed the petition filed by the Income Tax department in 2007 against the actor. The Supreme Court had issued a notice to him on November 2007.
The actor had claimed Income Tax deductions in a matter relating to transfer of overseas telecast rights of the film.
The Income Tax department had moved after the Income Tax Appellate Tribunal and the Madras High Court gave orders in favour of Mr. Kamal Haasan.
While challenging the High Court judgment that allowed deductions of Rs 54.50 lakh to Mr. Haasan, the Income Tax department said the actor was not entitled to deductions as there was only transfer of rights of telecast and no export of goods or merchandise had taken place.
