Tax evasion case: Interim stay on penalty imposed on Vijay by I-T
Vijay's plea challenged the I-T ruling saying that the tax department's decision to impose a penalty is delayed.
CHENNAI: The Madras High Court on Tuesday passed an interim stay on the Income Tax department's proceedings initiated against actor Vijay for not disclosing an income of Rs 15 crore while filing returns in 2016-2017.
Justice Anita Sumanth granted the injunction on admitting a plea filed by the actor. The petitioner sought direction to set aside the notice issued by I-T on June 30 demanding a penalty of Rs.1.5 crore for not disclosing the income.
The actor submitted that the I-T department had imposed the penalty in a delayed manner.
Actor Vijay had declared Rs 35.42 crore as his income for the 2016-2017 financial year. However, the I-T claimed that the actor had not disclosed Rs 15 crore which he got as an income for acting in the movie Puli.
The tax department substantiated its charges based on the documents fetched from Vijay's premises during a raid conducted by I-T in 2015 and claimed it was admitted by the actor.
Meanwhile, Vijay's counsel submitted that I-T ought to have issued a notice in 2019 and it is a delayed procedure now.
Recording these submissions, the judge passed an interim stay directing the I-T to file a counter on September 16.
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