Supreme Court issues notice to Amitabh Bachchan
In the month of October 2002, Amitabh had filed returns declaring his income to be Rs. 14.99 crore for 2002-03. Then, on, March 31' 03, he filed revised returns declaring his total income for that year to be Rs 8.11 crore. Even before the assessment's completion, he withdrew the revised returns. Post that, when the Assessing Officer determined Big B's income at Rs 56.41 crore, Big B was issued a notice under Section 147 of the IT Act seeking to reopen the assessment proceedings for the year 2002-03.
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