Thalapathy Vijay faces Rs 1.5 crore IT penalty as Madras HC dismisses plea

• Madras High Court upholds Rs 1.5 crore penalty on actor-turned-politician Vijay by Income Tax Department.
• Court dismissed Vijay’s writ petition challenging the tax authority’s order, confirming the penalty's legal validity.
• Penalty pertains to assessment year 2015–16 for undisclosed income of Rs 15 crore detected during 2015 IT searches.
• Justice Senthilkumar Ramamoorthy ruled the show-cause notice was legally valid and issued within the prescribed time frame.
• Vijay has the liberty to approach the Income Tax Appellate Tribunal for further appeal.