{
  "id": 6902038,
  "title": "Minor had Rs 1.17cr interest income, father faced Rs 12.83L penalty; what ITAT did",
  "url": "https://urgent.news/2026/09/12/minor-had-rs-1-17cr-interest-income-father-faced-rs-12-83l-penalty",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-09-12T08:36:52.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/minor-child-had-rs-1-17-crore-interest-income-father-faced-rs-12-83-lakh-penalty-itat-delhi-cancels-it-rules-tax-rate-dispute-isnt-under-reporting/articleshow/134076542.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}