No tax on foreign account if Indian not beneficial owner: Income Tax Appellate Tribunal

It all began when a search was conducted in the case of Rakesh Agarwal Group, Baroda, and details of six trust companies came to light, one of which relates to this case heard by the ITAT.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/no-tax-on-foreign-account-if-indian-not-beneficial-owner-income-tax-appellate-tribunal/articleshow/84264767.cms