'Actor' Tendulkar Allowed to Claim Tax Deduction


Mumbai, May 24 (PTI) An Income Tax tribunal has allowed ace cricketer Sachin Tendulkar to claim deductions from his taxable income pertaining to earnings from modelling in advertisements.

The two-member tribunal, which gave its order on May 20, upheld the cricket legend's argument that he was an 'actor' while appearing in commercials.

Asha Vijayaraghavan, judicial member of the tribunal, and R K Panda, accountant member, gave the ruling on four appeals filed by the batting maestro against the verdict of Chief Commissioner of Income Tax (Appeals) for assessment years 2001-02 to 2004-2005.

Tendulkar argued that he had claimed deductions under Section 80 RR of I-T Act on the ground that he was an 'actor' while appearing in advertisements. He submitted that the CIT (A) had wrongly held that he was not an actor as cricket was his principal profession.

Tendulkar further argued that he was a cricketer and not a professional actor.

  

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Title: 'Actor' Tendulkar Allowed to Claim Tax Deduction



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