Deferred ICAI Code of Ethics 2019 to be applicable from 1st April 2022
Applicable date of certain deferred provisions of Volume-I of Revised Code of Ethics, 2019.
ICAI has announced that the following provisions of Volume-I of Code of Ethics 2020 which has been earlier deferred due to covid-19 pandemic shall become effective from 1st April 2022:
| Provisions | Sections |
| 1.Responding to Non-Compliance of Laws and Regulations (NOCLAR) | Sections 260 and 360 |
| 2. Fees – Relative Size | Paragraphs 410.3 to R 410.6 |
| 3. Taxation Services to Audit Clients | Sub section 604 |
Except the above provisions all other provisions of revised Code of Ethics are already applicable w.e.f 1st July, 2020
The revised 12th edition of Code of Ethics has come into effect from 1st July, 2020. It is accessible on www.icai.org at the following links:-
Code of Ethics Volume – I
https://resource.cdn.icai.org/55133CodeofEthics-2019.pdf
Code of Ethics Volume – II
https://resource.cdn.icai.org/60018code-of-ethics-2020vol2.pdf
Code of Ethics Volume –III (Case Laws Referencer)
https://resource.cdn.icai.org/59111esb48239.pdf
- Non- payment of cost imposed can’t trigger automatic confirmation of an invalid exparte assessment.
- Non-deduction of TDS does not make transaction as unexplained in the hands of deductee – ITAT
- Last date to submit MEF 2026-27 extended to 09.09.2026
- Validity of demand u/s 156 for default u/s 115-O, if assessment order u/s 143(3) has Nil demand
- Issue already examined and adjudicated by CIT(Appeals), can’t be reopened on same set of facts
