Mumbai, March 9 -- Bollywood superstar Shah Rukh Khan has won a major legal battle. The Income Tax Appellate Tribunal (ITAT) ruled in his favor, canceling a tax reassessment for the financial year 2011-12. This brings an end to a long dispute over his foreign earnings.

Why Was There a Tax Dispute?

Shah Rukh Khan's earnings from his movie Ra.One were taxed in the UK because 70% of the film was shot there. His payment went through Winford Production, a UK-based company. However, Indian tax authorities argued that this setup caused a loss for India. They reassessed his income, increasing it from Rs. 83.42 crore to Rs. 84.17 crore and denied his claim for foreign tax credit.

Shah Rukh Khan (Image Source: X)

ITAT Rules in Favor of Shah Ruk...