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  • ITAT Cuts an NRI’s Tax Penalty From 200% to 50% Over Undisclosed Interest Income

    • September 18, 2026
    • Posted by: Harsh Piplani
    • Category: News
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    ITAT Cuts an NRI's Tax Penalty From 200% to 50% Over Undisclosed Interest Income

    In a recent ITAT tax penalty ruling, the Mumbai tribunal reduced a 200% penalty on an NRI’s undisclosed interest income to 50% under Section 270A.

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