SC dismisses Bhupathi's plea on tax exemption issue

Oct 25, 2010 |

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New Delhi: The Supreme Court today dismissed the petition of international Tennis star Mahesh Bhupati challenging the Karnataka High Court verdict refusing his claim for Rs 28.5 lakh tax exemption, which he maintained was paid to his father in return for training him.

A Bench headed by the Chief Justice S H Kapadia dismissed Bhupati's plea to set aside the order of High Court.

The Bench also declined to remove the observation made by the High Court that it was sham transaction.

The Karnataka High Court had upheld the order of the Income Tax department, rejecting his contention that he had reimbursed Rs 28.5 lakh to his father C G Krishna Bhupathi, who trained him to become an international player.

Bhupathi had claimed that his father had spent the money on him for four years during the period from 1989-90 to 1993-94.

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