ITAT cancels employee's ₹10 lakh penalty for non-disclosure of ESOPs in ITR. Here's

In a landmark ruling, the ITAT has overturned a ₹10 lakh penalty on Kishore Kumar Rajagopal for failing to disclose his ESOPs in his income tax return. This case underscores the complexities of tax compliance for expatriates and highlights the need for clarity in reporting foreign assets.