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ITAT Delhi cancels tax notice against US based son over Rs 11 lakh cash deposit
Economy
Published on 4 May 2026
Six years later, the real source of cash surfaced
A US based son, Mr. Bussi, won his long fight against an Indian income tax notice after depositing Rs 11 lakh cash into his parents’ account during demonetisation. The ITAT Delhi set aside the notice, accepting the money as genuine remittances from earlier years. The case took six years to resolve, ending in relief for the NRI.
- US based son challenged a notice tied to Rs 11 lakh cash deposit
- Cash was placed in parents’ account during demonetisation
- ITAT Delhi ruled the funds were genuine remittances from earlier years
- The decision came after a six year legal battle
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times