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ITAT Mumbai Strikes Down Addition to Shilpa Shetty’s Income - (01 Jul 2019)


ITAT Mumbai has struck down addition to Rs 5.4 crore to Shilpa Shetty’s income for the financial year 2010-2011. She was a brand ambassador for the IPL team Rajasthan Royals. Shetty had declared a taxable income of Rs 7.6 crore but after assessment the IT authorities had pegged it at Rs 13 crores adding Rs 5.4 crore as transfer pricing adjustment.


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