TaxTMI 
TaxTMI 
Madras HC dismisses TVK chief Vijay's plea challenging Income Tax dept's Rs 1.50 cr penalty
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....adras HC dismisses TVK chief Vijay's plea challenging Income Tax dept's Rs 1.50 cr penalty<BR>Income Tax<BR>Dated:- 6-2-2026<BR>PTI<BR>Chennai, Feb 6 (PTI) The Madras High Court on Friday dismissed a writ petition of TVK chief Vijay challenging an order of the Income Tax department directing him to pay Rs 1.50 crore penalty for alleged non-disclosure of his full income during 2015-16. Justice Sen....
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....thilkumar Ramamoorthy, dismissing the petition filed by Vijay, said the order imposing a penalty was within the time limit and hence, there was no infirmity warranting interference with the order. Hence, the petition was dismissed, the judge added. On a request made on behalf of Vijay by his counsel to grant liberty to challenge the order, the judge said it was open to the petitioner to assail t....
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....he order before the appellate authority. The judge had on January 23 reserved orders after hearing the arguments from both sides. According to Vijay, he declared an income of Rs 35.42 crore for the financial year 2016-2017. However, based on the documents seized during a raid conducted by the Income Tax department at his residence in 2015, the department alleged that he had not disclosed an inco....
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....me of Rs 15 crore earned from the Tamil film "Puli". Based on the findings, the department imposed a penalty of Rs 1.50 crore by an order dated June 30, 2022. Assailing this order, Vijay filed the present petition and a single judge had on August 16, 2022 stayed the operation of the penalty order. PTI COR VGN VGN KH<BR> News - Press release - PIB....