ITAT Absolves Shah Rukh Khan of Tax Reassessment on ₹83 Crore Income Connected to Red Chillies’ Ra.One [Read Order]

The Income Tax Department averred that SRK had attempted to evade his tax liabilities in India by routing ₹10 Crore through a UK entity
By Avinash Kurungot - On March 7, 2025 7:01 am - 2 mins read
ITAT - ITAT Mumbai - SRK tax case updates - Red Chillies Ra.One tax case - TAXSCAN

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently quashed reassessment proceedings initiated against Bollywood superstar Shah Rukh Khan for the Assessment Year 2012-13, absolving him of a tax dispute concerning ₹83.42 crore in declared income. The case arose after the jurisdictional Assessing Officer (AO) reopened Khan’s tax assessment under Section 147 of…

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