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The Income Tax (I-T) Department on Tuesday strongly opposed a writ petition filed by Tamilaga Vettri Kazhagam (TVK) president and actor C. Joseph Vijay challenging the imposition of a Rs 1.5 crore penalty for not voluntarily disclosing an additional income of Rs 15 crore during the financial year 2015-16. Appearing before Justice C. Saravanan, senior standing counsel A.P. Srinivas stated that the penalty was correctly imposed under Section 271AAB(1) of the Income Tax Actand the petition should
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FAQ :
Actor Vijay is challenging a Rs 1.5 crore penalty imposed by the Income Tax Department for not voluntarily disclosing an additional income of Rs 15 crore during the financial year 2015-16.
The Income Tax Department strongly opposes Vijay's challenge, stating that the penalty was correctly imposed under Section 271AAB(1) of the Income Tax Act and that the petition should be dismissed.
Vijay's counsel argues that the penalty proceedings were time-barred, as they should have been initiated by June 30, 2019, rather than June 30, 2022.
The IT department conducted a search and seizure operation at Vijay's premises in September 2015, uncovering evidence related to payments from his film 'Puli'. Vijay later admitted to receiving cash and voluntarily disclosed additional income.
The Supreme Court is hearing the case, and the IT Department is opposing Vijay's challenge. The court has directed Vijay's counsel to produce a relevant verdict by October 10, 2025.
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