Setback for actor Vijay: Madras HC bins TVK chief’s plea difficult Rs 1.5 crore penalty imposed by I-T division | Chennai Information – The Instances of India

CHENNAI: Madras excessive court docket on Friday dismissed a plea moved by actor and founding father of political get together Tamilaga Vetri Kazhagam (TVK) Vijay, difficult a Rs 1.5 crore penalty imposed by the revenue tax division for allegedly not disclosing his true revenue in the course of the evaluation interval 2015-16.Justice Senthilkumar Ramamoorty handed the order whereas rejecting the plea moved by Vijay difficult the demand discover issued by the revenue tax division. In keeping with Vijay, he declared an revenue of Rs 35.42 crore for the monetary yr 2016-17. Nevertheless, based mostly on paperwork seized by the division throughout a raid performed at his residence in 2015, the division claimed that he didn’t disclose Rs 15 crore revenue earned from the film ‘Puli’.Primarily based on the findings, the division imposed a penalty of Rs 1.5 crore by means of an order dated June 30, 2022. Difficult the order, Vijay moved the current plea. Admitting the plea, a single choose on Aug 16, 2022, granted an interim keep towards the operation of the order handed by the division.Vijay contended that the penalty ought to have been issued earlier than June 30, 2019. For the reason that order was handed belatedly, it needs to be put aside. Opposing the submissions, the division submitted that the penalty imposed on Vijay was legitimate below the Earnings Tax Act and, due to this fact, his petition needs to be dismissed.Concurring with the submissions of the division, the court docket dismissed the plea moved by Vijay.