ITAT Delhi Rules in Favor of Gupta Despite Rs 4.34L Foreign Cash
After a 2017 demonetisation search at Gupta's G.K Enclave-1 Delhi property found Rs 1.12 crore in Indian currency and Rs 4.34 lakh in foreign currency, Gupta was questioned by the Income Tax Department. He claimed the cash was from his company’s withdrawals due to demonetisation fears. The foreign currency belonged to his sister-in-law Kemp, a Jet Airways employee, who confirmed this in a written statement.
Economic Times·3h ago·Delhi


