NRI Women ordered to pay tax on Rs 196 crore Black Money stashed in Swiss bank account Landmark Judgement by ITAT - Faceless Compliance
The Income Tax Appellate Tribunal (ITAT) Mumbai, in a crucial ruling, directed that over Rs 196 crores lying in an individual's Swiss foreign account be brought to the tax. Dismissing an appeal filed by assessee Renu T Tharani, ITAT Mumbai concluded the hearing of the case was on 18th January, 2020 but the order was pronounced on 16th July, 2020 in view of Covid-19 lockdown in Mumbai.
Mahesh Mara
