The Madras High Court on Friday dismissed a writ petition filed by TVK chief Vijay, who had challenged an Income Tax Department order directing him to pay a ₹1.50 crore penalty for allegedly failing to disclose his full income for 2015-16, PTI reported.
Justice Senthilkumar Ramamoorthy, while rejecting Vijay’s petition, stated that the penalty order was issued within the prescribed time limit and therefore did not warrant any interference.
Hence, the petition was dismissed, the judge added.
When Vijay’s counsel requested permission to challenge the order, the judge said the petitioner was free to appeal the decision before the appropriate appellate authority, PTI reported.
The judge had reserved the judgment on 23 January after hearing arguments from both sides.
Here's what Vijay said
Vijay stated that he had declared an income of ₹35.42 crore for the financial year 2016-17.
However, the Income Tax Department, relying on documents seized during a 2015 raid at his residence, alleged that he failed to disclose ₹15 crore earned from the Tamil film 'Pui'.
Based on the findings, the department imposed a penalty of ₹1.50 crore by an order dated 30 June 2022. Assailing this order, Vijay filed the present petition and a single judge had on 16 August 2022 stayed the operation of the penalty order, as per the PTI report.
