Shah Rukh Khan Wins Tax Case As Tribunal Rules In His Favour | Read

Actor Shah Rukh Khan has secured a big victory in a dispute with the Income Tax authorities, with the Income Tax Appellate Tribunal or ITAT delivering a verdict in his favour. 

The dispute was related to the tax of his movie RA One, which was released in 2011.

The IT department had disputed Mr Khan's declared income of Rs 83.42 crore for 2011-2012, rejecting his claims for foreign tax credit for taxes paid in the UK. 

The department calculated his tax as Rs 84.17 crore, more than four years later.

The ITAT ruled that reassessment of the case by the IT department was not legally justified.