New Delhi: A blow to actor-turned-politician Vijay, who is leading TVK’s political debut in the Tamil Nadu elections. Madras High Court On Monday, a petition seeking an income tax probe into his asset declarations was accepted.While hearing the case, the court found irregularities of more than Rs 100 crore in the oral affidavit and issued a notice in the case.“This is an irregularity. More than Rs 100 crore has not been disclosed,” the court orally remarked, according to Live Law.A division bench of Chief Justice SA Dharmadhikari and Justice G Arul Murugan issued notice to Vijay along with the Director General of Income Tax (Investigation). Election Commission of India (ECI), and Returning Officer for Perambur and Tiruchirappalli (East) constituencies.The petitioner has alleged that the disappearance of high value assets is a clear case of suppression of property, which raises serious concerns with regard to beneficial ownership, routing of funds and concealment of material details. It is further argued that such discrepancy between the declarations cannot be attributed to clerical error or guesswork. According to the petition, the only reasonable conclusion is that either one of the affidavits is false or the related corporate filings are false, requiring a thorough investigation in either scenario.If such irregularities are ultimately established, the consequences could be serious. Any proven concealment or false declaration in the election affidavit may invite criminal proceedings under applicable laws, potentially leading to fine or imprisonment, and may result in disqualification from contesting elections under the Representation of the People Act, 1951. Additionally, discrepancies involving undeclared assets can trigger action by income tax authorities, including fines and possible prosecution for tax violations.