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Karan Johar's Dharma Production receives tax relief from High Court

The high court finally dismissed an appeal filed by the Income Tax department which allowed the production house to claim Rs 7 crore as an expense...


Recently, Bollywood filmmaker and owner of Dharma Productions- Karan Johar was fighting a legal battle with the high court. However, the filmmaker can now heave a sigh of relief as the High Court has decided to favor the director in the case.

The HC finally dismissed an appeal filed by the Income Tax department which allowed the production house to claim the Rs 7 crore as an expense. Karan Johar had won the case but had the case gone in favor of the income tax department, Dharma would have had to pay the amount.

Back in 2005, concerning cases of two movies - Kaal in the financial year 2005-2006 and Dostana in the financial year 2008-2009. 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. Therefore, the cumulative effect was that the production house could have claimed the amounts as expenses and need not pay tax on the same.

On the work front, Karan Johar is busy producing and directing several projects. Where on one hand, the director is producing Student Of The Year starring Ananya Pandey, Tara Sutaria and Tiger Shroff. The film will be the sequel to SOTY which marked the debut of Alia Bhatt, Varun Dhawan, and Sidharth Malhotra.

Apart from SOTY 2, Karan Johar is also directing Takht, which will star Bollywood stars - Kareena Kapoor Khan, Alia Bhatt, Anil Kapoor, Ranveer Singh, and Janhvi Kapoor.

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Anil Kapoor Thumbnail

Anil Kapoor

Kareena Kapoor Thumbnail

Kareena Kapoor

Karan Johar Thumbnail

Karan Johar

Ranveer Singh Thumbnail

Ranveer Singh

Varun Dhawan Thumbnail

Varun Dhawan

Alia Bhatt Thumbnail

Alia Bhatt

Sidharth Malhotra Thumbnail

Sidharth Malhotra

Tiger Shroff Thumbnail

Tiger Shroff

Janhvi Kapoor Thumbnail

Janhvi Kapoor

Tara Sutaria Thumbnail

Tara Sutaria

Ananya Panday Thumbnail

Ananya Panday

Dostana poster

Dostana

Kaal poster

Kaal

Student of the Year poster

Student of the Year

Student of the Year 2 poster

Student of the Year 2

Takht poster

Takht

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