Father faces ₹12.83 lakh penalty over minor child’s ₹1.17 crore interest income; ITAT Delhi grants relief

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A minor's ₹1.17 crore interest income led to a ₹12.83 lakh penalty for his father. The tax officer denied a reduced rate under the India-UAE treaty and penalised for supposed under-reporting. Here's what happened next.

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Father faces ₹12.83 lakh penalty over minor child’s ₹1.17 crore interest income; ITAT Delhi grants relief

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