TaxTMI 
TaxTMI 
Latur CA booked for issuing certificates to facilitate remittance of hundreds of crores abroad
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....atur CA booked for issuing certificates to facilitate remittance of hundreds of crores abroad<BR>Income Tax<BR>Dated:- 22-8-2026<BR>PTI<BR>Latur, Aug 22 (PTI) A chartered accountant (CA) from Maharashtra’s Latur district has been booked for allegedly issuing certificates to facilitate the transfer of hundreds of crores of rupees abroad through 16 shell companies, police said on Saturday. Acc....
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....ording to the FIR registered at Udgir City police station on Friday, the alleged transactions took place over a span of four years. The alleged crime came to the fore during a survey conducted by the Income Tax Department, said officials. During the survey, it was found that accused Shyam Shivprasad Kalani had issued 1,810 certificates (form 15CB under the Income Tax Rules) for the remittanc....
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....e of funds abroad without proper verification. Form 15CB is a certificate issued by a CA for certain payments/remittances made to non-residents, certifying the relevant taxability and tax-deduction details before the remittance is made through an authorised dealer (bank). The FIR alleges that Kalani issued such certificates without carrying out the required verification of the underlying doc....
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....uments, which facilitated the transfer of hundreds of crores through 16 non-existent companies between April 1, 2022, and March 31, 2026. The case has been registered under Bharatiya Nyaya Sanhita sections 318(4), which concerns cheating, 234 (issuing or signing false certificate), 229 (false evidence) and 3(5), which pertains to common intention. The case has been transferred to the Economi....
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....c Offences Wing (EOW) of Latur police. Deputy Superintendent of Police Bhagirathi Pawar of the EOW has been assigned to investigate the case, sources said. PTI COR NR =============<BR> News - Press release - PIB....