Chennai ITAT held that a genuine failure to disclose foreign ESOPs in Schedule FA of the income tax return does not automatically warrant a penalty under the Black Money Act.
ITR filing: ITAT deletes ₹10 lakh Black Money Act penalty over foreign ESOP disclosure
livemint.com - 16 Jul 2026 09:10
Chennai ITAT held that a genuine failure to disclose foreign ESOPs in Schedule FA of the income tax return does not automatically warrant a penalty under the Black Money Act.
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