She declared Rs 43,796, misses Rs 14.02L; hit with 200% penalty, but ITAT gave relief
Direct Source Verification:
This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
This is the case of a 57-year old non-resident Indian (NRI) woman who ended up under-reporting her income when she filed her Income Tax Return, and the gap was huge.
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Original Source
https://timesofindia.indiatimes.com/business/india-business/she-declared-rs-43796-income-but-omitted-rs-14-02-lakh-interest-from-her-itr-tax-officer-imposed-a-200-penalty-of-rs-4-85-lakh-but-itat-cut-it-to-rs-1-21-lakh/articleshow/134309390.cms
