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HomeDirect TaxLoan-Routing Allegations Against Preity Zinta Unfounded: ITAT Deletes Rs. 10.84-Crore Addition Against...

Loan-Routing Allegations Against Preity Zinta Unfounded: ITAT Deletes Rs. 10.84-Crore Addition Against Actress

Direct Tax

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By Mariya Paliwala
Loan-Routing Allegations Against Preity Zinta Unfounded: ITAT Deletes Rs. 10.84-Crore Addition Against Actress

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The Income Tax Appellate Tribunal (ITAT), Mumbai, has set aside a major addition of Rs. 10.84 crore made to the income of a well-known film actress, Preity Zinta for Assessment Year 2016-17, holding that the tax department failed to establish any unexplained cash credits under Section 68 of the Income-tax Act. The bench of Shri…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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