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.
Father faces ₹12.83 lakh penalty over minor childs ₹1.17 crore interest income; ITAT Delhi grants relief
livemint.com - 12 Sep 2026 08:54
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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