Madras HC dismisses TVK chief Vijay''s plea challenging Income Tax dept''s Rs 1.50 cr penalty

Madras HC dismisses TVK chief Vijay''s plea challenging Income Tax dept''s Rs 1.50 cr penalty https://www.taxtmi.com/news?id=70375 The court held that the period of limitation for imposing the penalty is computed from the end of the month in which the appellate order is received, with a six month window; treating receipt of the ITAT order (dated December 22) as the trigger, the six month period expired on 30.06.2022 and the penalty order dated 30.06.2022 therefore fell within the prescribed limitation period. en-us Fri, 06 Feb 2026 22:16:04 +0530 Fri, 06 Feb 2026 22:16:04 +0530 TaxTMI RSS Generator Madras HC dismisses TVK chief Vijay''s plea challenging Income Tax dept''s Rs 1.50 cr penalty https://www.taxtmi.com/news?id=70375 The court held that the period of limitation for imposing the penalty is computed from the end of the month in which the appellate order is received, with a six month window; treating receipt of the ITAT order (dated December 22) as the trigger, the six month period expired on 30.06.2022 and the penalty order dated 30.06.2022 therefore fell within the prescribed limitation period. News - Fri, 06 Feb 2026 22:16:04 +0530 https://www.taxtmi.com/news?id=70375