ITAT Delhi has ruled that a father cannot be imposed with Rs 12.83 lakh penalty under Section 270A if his ITR-reported income and assessed income are the same and the solitary issue for dispute is the India-United Arab Emirates (UAE) DTAA treaty tax benefit.
This judgement came against the backdrop of a tax dispute case of Mr Lalwani from New Rajendra Nagar, New Delhi. On November 4, 2022, Mr Lalwani filed his income tax return (ITR) declaring an income of Rs 8.43 crore.
