Saturday, 3 October 2026Updated 25m ago

Money

59 today · ranked by importance and coverage

Delhi ITAT ruling: How relative’s airline job cleared businessman of tax penalty on foreign currency found in raid

  • A relative’s airline job helped establish the businessman’s ownership of foreign currency found in a raid
  • The case highlights the need for credible evidence of cash ownership and source to contest tax penalties
  • Indian taxpayers facing search-related foreign-currency seizures may need evidence of ownership and source to contest penalties