ITR

NRI Woman Declared Rs 43,796 Income but Didn’t Report Rs 14 Lakh Interest; ITAT Cuts 200% Tax Penalty to 50%

A 57-year-old NRI woman declared total income of Rs 43,796 in her ITR for Assessment Year 2020-21 but did not report interest income of Rs 14,02,525. The Income Tax Department trea…