38.6c New Delhi, India, Thursday, May 30, 2024

Madras HC: Tax Appeal Cases Against Rajnikanth Withdrawn by Income Tax Department

By LawStreet News Network      03 February, 2020 10:02 PM      0 Comments
Madras HC: Tax Appeal Cases Against Rajnikanth Withdrawn by Income Tax Department

On 28 January 2020, the Income Tax (IT) Department withdrew three tax appeal cases against actor Rajinikanth which were filed in the Madras High Court against the orders given in 2014 in favour of the actor. The actor was alleged to have concealed the particulars of his income from the years 2002 to 2005. 

A division bench consisting of Justice Vineet Kothari and Justice R. Suresh Kumar of the Madras High dismissed the appeals filed against the above decision. The bench accepted a request made by M. Swaminathan, Senior Standing Counsel for the IT Department, to withdraw the appeals in view of the decision taken by Central Board of Director Taxes (CBDT) to avoid litigation by dropping legal proceedings in claims where the recoverable amount was less than ₹1 crore. In this case the value of claims stands above ₹65 lakhs.

The story so far is that Rajinikanth had disclosed Rs. 61.12 lakhs, Rs. 1.75 crores and Rs. 33.93 lakhs as his income for the years 2002-03, 2003-04 and 2004-05 respectively.  However, IT noticed that he had claimed a huge amount of professional expenditure and therefore carried out a survey at his Poes Garden residence in 2005.After the survey, Rajinikanth filed revised returns for all three years in question and claimed that he had earned more than what was disclosed in the original returns. The assessing officer had then invoked penalty proceedings, which Rajinikanth opposed in the Income Tax Appellate Tribunal (ITAT), which set aside a penalty of ₹66.21 Lakh imposed on him for allegedly concealing full particulars of income and providing inaccurate information. Assailing the ITAT’s order before the court, the IT department claimed that the tribunal’s order was erroneous in law. In its pleadings before the court, the IT Department stated that the “leading film actor had disclosed ₹ 61.12 lakhs, ₹1.75 crores and ₹33.93 lakhs as his income for the years 2002-03, 2003-04 and 2004-05 respectively. This was apart from ₹1.41 lakh and ₹ 1.09 lakh of his agricultural income disclosed in his returns for the financial years 2002-03 and 2004-05.”

Rajinikanth is one of the most influential actors in the country. He has been awarded with the Padma Bhushan and has almost 46 awards to his credit. He even worked as a producer and screenwriter. He is currently working on his upcoming project “Thalaivar 168.’

Author: Meher Mansi

Share this article:

User Avatar

Leave a feedback about this

Trending Judiciary
AAP Minister Atishi summoned by Delhi Court in BJP defamation case, to appear on Jun 29

A Delhi Court has summoned Aam Aadmi Party (AAP) Minister Atishi in a defamation case by Bharatiya Janata Party (BJP) spokesperson Praveen Shankar Kapoor.

29 May, 2024 12:44 PM
Trending Judiciary
Sikkim High Court Announces Menstrual Leave for Female Employees [Read Order]

Sikkim High Court grants 2-3 days of menstrual leave monthly to female employees, requiring Medical Officer approval, without deducting from regular leave accounts.

29 May, 2024 01:15 PM


Trending Events & Opportunity
LIVE Coverage: In-Depth Exploration of Bhartiya Sakshya Adhiniyam (BSA) at DHCBA Lecture Series [Watch Live]

LIVE Coverage: DHCBA Lecture Series explores the Bhartiya Sakshya Adhiniyam (BSA), 2023 with Justice Bhambhani & Senior Advocate Jayant Mehta. Tune in at 5pm on LawStreet Journal!

24 May, 2024 11:30 AM
Trending Judiciary
BJP Moves Supreme Court Against Calcutta High Court's Ban on "Derogatory" Ads Targeting TMC

BJP moves Supreme Court against Calcutta High Court order banning "derogatory" ads targeting TMC during Lok Sabha elections, seeks urgent hearing.

24 May, 2024 12:12 PM
Trending Judiciary
Demand Notice via courier valid in cheque bounce cases: Allahabad High Court [Read Order]

Allahabad HC rules demand notices via courier valid for cheque bounce cases under Section 138 NI Act, but service presumption needs registered post amendment.

24 May, 2024 01:44 PM
Trending Judiciary
'Can't interrupt in between polls,' SC declines to consider plea for uploading voters turnout data

SC declines plea to upload voter turnout data during ongoing polls, citing the need to avoid interruptions and uphold electoral integrity, pending further examination.

24 May, 2024 02:06 PM


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email