Kannada superstar Yash has received significant relief from the Karnataka High Court in an Income Tax (IT) case. The High Court bench, presided over by Justice S.R. Krishna Kumar, issued an order today quashing the notice issued to the actor by the Income Tax Department concerning the assessment years from 2013-14 to 2018-19.
The case was related to an investigation conducted by the IT Department involving Hombale Constructions.
Details of the IT Investigation
The Income Tax investigation, which spanned several months, led to searches being conducted at various premises associated with the actor:
- Search Locations: The IT Department conducted searches at Yash's residence in Hosakerehalli and also the room he had rented and was staying in at the prestigious Taj West End hotel.
- Notice Issued: Following the searches, the IT Department issued a notice to the actor in 2021, pertaining to his income for the six-year period between 2013-14 and 2018-19.
High Court Quashes Notice
Yash had challenged the validity of the notice in the High Court. After hearing arguments and counter-arguments from both the actor's legal team and the IT Department, the High Court bench delivered its judgment.
Justice S.R. Krishna Kumar’s bench found grounds to set aside the notice, providing a major victory for the actor and effectively ending the long-standing tax dispute related to that period.
