ICAI finds three CAs for Professional Misconduct, removes their names and imposes fine.
The Disciplinary Committee of ICAI in terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, has held three Chartered Accountants guilty of Professional Misconduct.
The punishment given is as under:
ICAI finds CAs guilty of Professional misconductÂ
| Name | Punishment | Â |
| CA. Mustafa Ahmed (Membership No. 062010), West Bengal | Removal of name from the Register of Members for a period of 03 (Three) months and also imposed a fine of Rs. 5,00,000/-(Rupees Five Lakhs only) | Notification |
| CA. Pamidi Srikanth (Membership No. 213522) Hyderabad | removal of name from the Register of Members for a period of 01 (One) month along with a fine of Rs. 1000/-for each case of audit conducted in excess of the number stipulated | Notification |
| CA. Dhirendra Nath Misra (Membership No. 050440), Kolkata | Removal of name from the Register of Members for a period of 03 (Three) months and also imposed a fine of Rs. 5,00,000/-(Rupees Five Lakhs only) | Notification |
- Calculation of functional disability depends on victim’s earning capacity in open market – SC
- Appeal against ITAT shall lie only before High Court within whose jurisdiction AO is situated
- SC recommends action against Customs Officer who relied upon AI generated fake case laws
- 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
