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NRI Woman Faces 200% Penalty for Under-Reporting Income by Rs 14 Lakh, Gets ITAT Relief

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A 57-year-old non-resident Indian woman under-reported her income significantly while filing her Income Tax Return, declaring only Rs 43,796 against an actual income that was higher by approximately Rs 14.02 lakh. Tax authorities imposed a steep 200% penalty on the under-reported amount, citing the large discrepancy in her declaration. The woman subsequently challenged the penalty before the Income Tax Appellate Tribunal (ITAT). The ITAT reviewed the case and granted her relief, providing a reprieve from the full extent of the penalty imposed by the tax department.

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