NewzA Dubai-based NRI woman and her husband, originally from Beawar, invested Rs 3.41 crore in two Foreign Currency Non-Resident (FCNR) term deposits in India, with the husband listed as the first holder.
Following the investments, the taxpayer received a tax notice regarding the deposits. The Income Tax Appellate Tribunal (ITAT) subsequently reviewed the case and identified an error involving the yen-rupee conversion.
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