Judgement

ITAT ruled that the AO erred in disallowing Rs. 1.56 crore expense in AY 2016–17 since the related Form 15CA pertained to AY 2015–16 remittance

AO Not Justified in disallowing expense when Form 15CA Relates to prior year: ITAT

High Court sets aside reassessment as 148A(b) notice didn’t mention escaped income of Rs. 11.37 Cr. AO acted beyond the notice scope.

Income Tax: HC Quashes Reopening Based on Insight Portal & Form 15CA/15CB Data

The ITAT has deleted the penalty for Non-Filing of Form 15CA, as no willful default was there on the part of the assessee

ITAT Deletes Penalty for Non-Filing of Form 15CA as No Wilful Default on Part of Assessee

Articles

A practical guide on common errors, audit risks, and compliance essentials related to Form 15CA/15CB for foreign remittances under Indian tax and FEMA laws.

Mistakes in Form 15CA/15CB can lead to heavy penalties, tax disallowances

The Delhi High Court has granted bail to a Chartered Accountants on allegation of forged Form 15CA/CB Certificate.

Delhi HC grants Anticipatory Bail to CA on Allegation of Forged Form 15CA/CB Certificate

Filing Form 15CB/Form 15CA; Here is an Important Change to Note w.e.f. 16-July-2022

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