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.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
