A minor's ₹1.17 crore interest income led to a ₹12.83 lakh penalty for his father. The tax officer denied a reduced rate under the India-UAE treaty and penalised for supposed under-reporting.

Here's what happened next 👇
https://www.livemint.com/money/personal-finance/father-faces-12-83-lakh-penalty-over-minor-child-s-1-17-crore-interest-income-itat-delhi-grants-relief-11789179034828.html