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.
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CM Siddaramaiah quotes senior journalist B.M. Basheer's poem while presenting budget
Bengaluru: In a unique manner, Chief Minister Siddaramaiah quoted lines from a poem by B.M. Basheer, poet and News Editor of Vartha Bharati before the State Legislature on Friday.
Siddaramaiah, who was presenting the state budget for the current year, recited Basheer’s poem before announcing new initiatives on women and child development:
“Mother likes roses
For she knows
How difficult it is
To bloom among thorns”.
