AR Rahman Foundation points assertion after IT dept strikes High Court&
Oscar-winning music composer AR Rahman has discovered himself amid an argument but once more. We had earlier reported that Rahman has been accused of alleged tax evasion after the Income Tax division moved the Madras High Court. In the attraction, the IT division has alleged that Rahman diverted over Rs Three crore to his charitable organisation, the AR Rahman Foundation with out paying any tax at a person capability.
The basis has now issued a press release to share their aspect of their story and clear its stance. The assertion learn as, “The receipt of funds in the current matter has already been offered to tax in the hands of the AR Rahman Foundation which was appreciated by the Honorable Income Tax Appellate Tribunal, Chennai Bench while it adjudicated the matter in favour of Mr AR Rahman. We will continue to offer our full support and cooperation. May justice prevail.”
The assertion additional acknowledged, “In the last 14 years, we have positively impacted the lives of students, retired musicians and those affected by Chennai floods and more recently, the COVID-19 pandemic.”
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As reported by Times Now, it is alleged that Justices TS Sivagnanam and V Bhavani claimed that Rahman had obtained Rs 3.47 crore from a UK-based telecom firm within the yr 2011-2012 nevertheless it was immediately transferred to the inspiration. Rahman had moved the Income Tax Appellate Tribunal in Chennai in 2019 the place the tribunal acknowledged “there may be nothing on report to counsel that it’s taxable revenue within the arms of the assessee (Rahman).
Rahman, nonetheless, has maintained his silence and is but to touch upon the matter.
On the opposite hand, AR Rahman made a surprising revelation forward of the discharge of Dil Bechara. He revealed that there’s a entire gang in Bollywood that was spreading false rumours about him.