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:
| Name | Punishment | |
| 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 |
Penalty u/s 271B for unfilled column 40 in Form 3CD related to details regarding turnover, gross profit etc. for previous…
Merely rectifying computation without amending assessment order without notice to assessee does not nullify the entire assessment - ITAT In…
Once assessee discharges primary onus of providing basic documents in support of the identity, genuineness and the creditworthiness it shifts…
CBDT has notified Cost Inflation Index for Financial Year / Tax Year 2026-27 CBDT has notified "384" as Cost Inflation…
Power of CIT(A) under section 251(1)(a) to remand case could be exercised only when the assessment is passed u/s 144…
ICAI (Global Networking) Guidelines, 2025 kept in abeyance In February 2026, ICAI had issued ICAI (Global Networking) Guidelines 2025 to…