SC: Fixed Shares Paid to Association of Persons Members are Taxable as Income, Regardless of Profit  ||  Supreme Court: Wife Pursuing Her Career Cannot be Deemed Cruelty For Hurting Her Husband  ||  Supreme Court: Appeals Must Include Certified Copies of Orders, as E-Filing Alone is Insufficient  ||  Supreme Court: Children Have a Fundamental Right to Receive Education in Their Mother Tongue  ||  Delhi High Court: Employer’s Delhi Head Office Alone Does Not Give Delhi Labour Courts Jurisdiction  ||  Delhi High Court: Labour Courts Cannot Decide Disputed TA/DA Claims under Section 33C(2) of ID Act  ||  J&K&L HC: Rejection of a Representation Does Not Create Fresh Cause of Action in Service Matters  ||  J&K&L HC: Suspension Period Can be Excluded Only For Back Wages and Not For Seniority or Promotion  ||  Supreme Court: SC/ST Act Does Not Apply to Alleged Casteist Abuse Inside a Private House  ||  Supreme Court: Frictionless Relationship Between the Bar and the Bench Strengthens Justice Delivery    

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

DIRECT TAXATION

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.

Tags : ITAT   SHILPA SHETTY  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved