Summary
A father faced a ₹12.83 lakh penalty due to his minor child's ₹1.17 crore interest income, after a tax officer denied a reduced rate under the India-UAE treaty and alleged under-reporting. The ITAT Delhi has since granted relief in the case.
Summary
A father faced a ₹12.83 lakh penalty due to his minor child's ₹1.17 crore interest income, after a tax officer denied a reduced rate under the India-UAE treaty and alleged under-reporting. The ITAT Delhi has since granted relief in the case.
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