Category: ICAI
ICAI PAN Details updation link to avoid deactivation of income tax efiling account login by Income Tax Department for name and DOB mismatch It is learnt that Income Tax Department is following up with chartered accountants who are required to be registered with income tax e-filing website for …
Disciplinary action against CA giving forged service tax challan to client by diverting cheques received from client for deposit of service tax with the hep and connivance of bank staff. Proceedings remanded back to ICAI by the High Court. ABCAUS Case Law Citation: 998 2016 (08) HC Date/Month …
Audit without written NOC from previous auditor-reprimand converted in to caution by High Court as the chartered accountant (CA) was only fresher into practice, the omission was procedural and trivial and no moral turpitude involved. ABCAUS Case Law Citation: 997 2016 (08) HC Date/Month of Judgment: August, 2016 Brief Facts …
CA who threatens client guilty of misconduct because such act is not expected by members of a civil society being a Chartered Accountant – High Court ABCAUS Case Law Citation: 995 2016 (08) HC Brief Facts of the Case: A complaint was made to ICAI against a Chartered …
CA not guilty of misconduct when acting in individual capacity and the dealings were purely commercial not discharging any function as Chartered Accountant – High Court ABCAUS Case Law Citation: ABCAUS 994 2016 (08) HC Brief Facts of the Case: The complainant ahd purchased 100 shares of Aban Lyod …
CA held guilty of misconduct not detecting fraud in bank concurrent audit, served with penalty of severe reprimand – Delhi High Court ABCAUS Case Law Citation: 983 2016 (08) HC Date/Month of Judgment: August 2016 The indictment: It was alleged by the bank that the respondents chartered accountant had …
ICAI has formed a group for looking into the matter of appointments/reappointments of statutory/internal auditors of various units/branches of ICAI for the year 2016-17. Till now there does not seems to be any guidelines for appointment of auditors of ICAI decentralised offices including branches. With increased cashflow at branches …
Background Material on Model GST Law Dear Professional Colleague, Greetings from Indirect Taxes Committee! The recent developments with respect to Goods & Services Tax (GST) has considerably raised hopes of its implementation in India by April 2017. The Constitution amendment bill for framing the law for setting up …
Coaching classes advertisements not misconduct when CA voluntarily abstained from practice area of chartered accountancy-Delhi High Court ABCAUS Case Law Citation: 978 2016 (07) HC Date/Month of Judgment : July 2016 Brief Facts of the Case: The respondent chartered accountantin this case had been held guilty of “other misconduct” within …
In ICAI Disciplinary Proceedings, power of attorney holder has no independent locus, he cannot insist on continuance as the attorney for the principal. Delhi High Court ABCAUS Case Law Citation: 977 2016 (07) HC Date/Month of Judgment : July 2016 Brief Facts of the Case: In the present …
