The Income Tax Appellate Tribunal (ITAT) recently ruled in favor of Bollywood actor Shah Rukh Khan, which resulted in the quashing of the reassessment process by the Income Tax department. The ITAT held that the reassessment proceedings initiated against Shah Rukh Khan were invalid and without proper jurisdiction. The case pertained to the assessment year 2011-12, where the tax department had sought to reopen the actor’s tax assessment. However, the ITAT ruled that the reassessment was based on borrowed satisfaction, and therefore, not valid. This ruling comes as a relief for Shah Rukh Khan, who had challenged the reassessment in front of the ITAT. The tribunal’s decision in his favor means that the actor will not have to undergo the reassessment process and the tax department’s claims against him stand quashed. This ruling highlights the importance of following proper procedures and guidelines when initiating reassessment proceedings. Shah Rukh Khan’s victory in this case showcases the significance of seeking legal recourse and defending one’s rights in tax matters. The ITAT’s decision sets a precedent for future cases related to reassessment processes and serves as a reminder for tax authorities to adhere to the law while conducting such proceedings.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Income Tax Appellate Tribunal (ITAT) recently ruled in favor of Bollywood actor Shah Rukh Khan, which resulted in the quashing of the reassessment process by the Income Tax department. The ITAT held that the reassessment proceedings initiated against Shah Rukh Khan were invalid and without proper jurisdiction. The case pertained to the assessment year […]<\/p>\n","protected":false},"author":0,"featured_media":72595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-118810746imgsize-20544-4.jpg",1280,720,false],"thumbnail":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-118810746imgsize-20544-4-150x150.jpg",150,150,true],"medium":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-118810746imgsize-20544-4-300x169.jpg",300,169,true],"medium_large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-118810746imgsize-20544-4-768x432.jpg",640,360,true],"large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-118810746imgsize-20544-4-1024x576.jpg",640,360,true],"1536x1536":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-118810746imgsize-20544-4.jpg",1280,720,false],"2048x2048":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-118810746imgsize-20544-4.jpg",1280,720,false]},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/72594"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=72594"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/72594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media\/72595"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=72594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=72594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=72594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}