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Minor had Rs 1.17cr interest income, father faced Rs 12.83L penalty; what ITAT did

The ruling arose from the tax dispute involving a man in New Delhi. He filed his income tax return on November 4, 2022, reporting total income of Rs 8.43 crore. The case was subsequently reopened by the Income Tax Assessing Officer (AO) at Jhandewalan on March 22, 2025.

Minor had Rs 1.17cr interest income, father faced Rs 12.83L penalty; what ITAT did

We haven't written up this one. Times of India has the full story — the link below goes straight to it.

Read the original at timesofindia.indiatimes.com →

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