Madras high court stays income tax dept order imposing penalty on actor Vijay
Chennai, Aug 16: The Madras High Court on Tuesday provided temporary relief to top actor Vijay, by staying the orders of the Income Tax department imposing a penalty of Rs 1.5 crore on him for not voluntarily disclosing Rs 15 crore in his IT returns for 2016-17.
Justice Anita Sumanth granted the stay today while admitting a petition from Vijay, challenging the penalty imposed by the department, based on raids conducted at his residence in 2020.
Conceding the contention of Vijay that the punitive action was time barred, the judge granted the interim injunction.
In his petition, Vijay sought to quash the order of the IT department pertaining to the assessment year 2016-17. He said that the notice dated December 11, 2018 demanding the fine amount for 2016-17 was time barred and hence it is invalid.
The IT department had failed to appreciate the fact that having completed the assessment on December 30, 2017, the penalty proceedings u/s 271AAB of the IT Act for the surrendered income/ undisputed income should be initiated and completed on or before June 30, 2018.
Any show-cause notice issued beyond that date should be considered as nullity in law, he claimed.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
AI, AI Express look to add capacity amid IndiGo flight disruptions
New Delhi (PTI): Air India Group is looking to add capacity to help passengers impacted by the IndiGo flight disruptions.
"Since 4 December, economy class airfares on non-stop domestic flights have been proactively capped to prevent the usual demand-and-supply mechanism being applied by revenue management systems," a statement said on Saturday.
Both Air India and Air India Express have put in place caps on economy class fares.
ALSO READ: IndiGo cancels over 200 flights from Delhi, Mumbai on Saturday
The statement from Air India came hours after the government announced introduction of airfare caps amid IndiGo flight disruptions.
Air India also said it is not technically possible to cap fares for all flight permutations.
"Air India and Air India Express are seeking to add capacity to help travellers and their baggage reach their destinations as quickly as possible," the statement said.
