Exemption for non-air-conditioned restaurant services survives where the establishment's air-conditioned section is separately identifiable and taxabl...
HC quashed criminal complaints against individual auditor for alleged non-compliance with Companies Act section 143, finding prosecution malicious. The court determined that failure to specify exact degree of relationship in related party transactions does not constitute a prosecutable offense. The court held that the auditor, joined individually without the audit firm, should not face trial. Consequently, all criminal enquiries and consequential proceedings against the petitioner were set aside, effectively exonerating the individual from potential legal action related to accounting standard violations.
HC quashed criminal complaints against individual auditor for alleged non-compliance with Companies Act section 143, finding prosecution malicious. The court determined that failure to specify exact degree of relationship in related party transactions does not constitute a prosecutable offense. The court held that the auditor, joined individually without the audit firm, should not face trial. Consequently, all criminal enquiries and consequential proceedings against the petitioner were set aside, effectively exonerating the individual from potential legal action related to accounting standard violations.
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