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Karan Johar’s Dharma Productions under scanner for tax evasion; Here’s what the Bombay HC did next!

Sometimes you get the feeling that Karan Johar and controversies go hand in hand, don’t you? The 46-year-old director is known for speaking his mind and is one of the few people in the industry, who are very articulate and methodical. Now, KJo has got a relief from the Bombay High Court for his production house Dharma Productions.

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The Bombay High Court finally dismissed an appeal filed by the Income Tax department which allowed the production house to claim the Rs 7 crore as an expense. The ‘My Name Is Khan director had won the case but had the case gone in favour of the income tax department, Dharma would have had to pay the amount.

Talking about the said cases, the two date back to 2005-2006 – ‘Kaal’ and 2008-2009 – ‘Dostana’. Karan Johar‘s production house climbed Rs 2.67 crore as expenses for positive prints and advertisement for ‘Kaal’ and Rs 4.46 crore was claimed as advertisement expenses for Abhishek Bachchan starrer ‘Dostana’.

As per the reports in Times of India, A division bench of Justice Akil Kureshi and Sarang Kotwal, have finally dismissed the appeals filed by the department. The report states that the bench observed that even if the department was right that the expenses could not be claimed as the cost of production, another section of the Income Tax allowed those expenses to be claimed as business expenses. So, it is a big relief for KJo and Dharma Productions.

On the professional front, Karan is awaiting his next release ‘Kalank’, which features an ensemble cast. ‘Kalank’ is being directed by Abhishek Varman.

Stay tuned to Bollywood Bubble for all the latest news and updates.

Also Read: Pics: Sonam Kapoor, Karan Johar, Shweta Bachchan walk the ramp for a noble cause

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