Economic Times5/4/2026BusinessIndia
ITAT Delhi Rules in Favor of NRI in Demonetisation Cash Deposit Dispute
Tribunal cancels tax notice for Rs 11 lakh deposit, citing genuine remittances from US-based son to elderly parents
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- The ITAT Delhi has ruled in favor of an NRI, Mr.
- Bussi, cancelling a tax notice regarding an Rs 11 lakh cash deposit made during demonetisation.
- The tribunal accepted that the funds were genuine remittances from the US, rejecting the tax department's claims.
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The ITAT Delhi has ruled in favor of an NRI, Mr. Bussi, cancelling a tax notice regarding an Rs 11 lakh cash deposit made during demonetisation. The tribunal accepted that the funds were genuine remittances from the US, rejecting the tax department's claims.
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This article was originally published by Economic Times.
