CHENNAI: The Income-Tax Department in Chennai has moved the Madras High Court challenging the orders of the Income-Tax Appellate Tribunal confirming the orders of the Commissioner of Income-Tax Appeals deleting the levy of a penalty of Rs 1.11 crore on actor Trisha.
The first bench of Chief Justice Indira Banerjee and Justice M Sundar before which the appeal came up on Wednesday, adjourned further hearing till June 13.
Trisha, in the early stages of assessment for 2010-11, had not disclosed the amount received from some sources as income but as advances. When the assessment started, she filed a revised return declaring the amount as advance. The Assessment Officer, however, assessed it as income and levied a penalty of Rs 1.11 crore.
Trisha challenged the same before the Commissioner of IT Appeals, who deleted the penalty. The Appellate Tribunal also confirmed this order. Hence, the present appeal before the High Court.