This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Shah Rukh Khan gets relief from penalty on Notional Income from Dubai Villa
Case Law Details
- Case Name
- DCIT Vs Shahrukh Khan (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
DCIT Vs Shahrukh Khan (ITAT Mumbai)
Validity of the penalty imposed under Sec. 271(1)(c) by the A.O on Addition of an amount of Rs. 47,66,952/- towards deemed rental value of the Signature Villa owned by the Shah Rukh Khan at Dubai
As claimed by the assessee, he was gifted a villa, viz. „Signature Villa‟ (hereinafter referred to as „Villa‟) at Palm Jumeirah, Dubai by Nakheel P.J.S.C. The possession of the villa is stated to have been given to the assessee on 8thJune, 2008. The assessee initially in his return of income for the year under consideration, viz. A.Y 2010-11, had on his own ...
