TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Chartered Accountant's issuance of five Form 15CB certificates alone not proof of money-laundering conspiracy under PMLA</h1> SC dismissed the special leave petition, upholding the High Court's finding that issuance of five Form 15CB certificates at a client's request, by itself, ... Money Laundering - Onus on Chartered Accountant (CA) for giving certificate - scheduled offences - whether mere issuance of five numbers of Form 15CB at the request of client, would by itself, brings the CA into the net of conspiracy to indulge in money laundering? - it was held by High Court that 'Even on a demurrer, on a perusal of Form 15CB, we find that a Chartered Accountant is required to only examine the nature of the remittance and nothing more. The Chartered Accountant is not required to go into the genuineness or otherwise of the documents submitted by his clients. This could be compared with the legal opinion that are normally given by panel lawyers of banks, after scrutinizing title documents without going into their genuinity.' HELD THAT:- There are no reason to interfere with the impugned order - SLP dismissed. 'Delay condoned.' The Court reviewed the matter and 'find no reason to interfere with the impugned order,' thereby dismissing the Special Leave Petition: 'The Special Leave Petition is dismissed.' Additionally, the Court recorded that the 'Pending application stands disposed of.' The record shows representation for the petitioner and no appearance for the respondent. The decision is an exercise of appellate discretion limited to assessing the impugned order's correctness, and the Court declined to disturb the lower forum's ruling, concluding the appeal lacked merit warranting interference.
TaxTMI 
TaxTMI 
