https://www.taxtmi.com/caselaws?id=441060 The ITAT allowed the appeal, deleting the Rs. 4,00,000/- penalty imposed under section 271-I of the Income Tax Act for non-furnishing Form No. 15CA. The Tribunal relied on a precedent and an amendment to Rule 37BB, clarifying that remittances for import goods do not necessitate withholding tax compliance. en-us Fri, 28 Jul 2023 00:00:00 +0530 Wed, 18 Dec 2024 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441060 The ITAT allowed the appeal, deleting the Rs. 4,00,000/- penalty imposed under section 271-I of the Income Tax Act for non-furnishing Form No. 15CA. The Tribunal relied on a precedent and an amendment to Rule 37BB, clarifying that remittances for import goods do not necessitate withholding tax compliance. Case-Laws Income Tax Fri, 28 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441060