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Case Law Details

Case Name : DCIT Vs Shahrukh Khan (ITAT Mumbai)
Related Assessment Year : 2010-11
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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

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