Shah Rukh Khan wins tax case as ITAT dismisses dispute over RA.One earnings

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Shah Rukh Khan wins tax case as ITAT dismisses dispute over RA.One earnings - Business Standard

Quick Summary:

In its recent ruling, the ITAT bench stated that the assessing officer had failed to demonstrate “any fresh tangible material warranting a reassessment beyond the four-year statutory period”.

According to media reports, the dispute was related to the taxation of Shah Rukh Khan’s remuneration for the movie Ra.

Under Khan’s agreement with the Red Chillies Entertainment (a film production and distribution company founded by Khan), 70 per cent of the film’s shooting was to take place in the UK and so, an equal percentage of his income would be subject to UK taxes.