Validity of faceless assessment procedure challenged for jurisdictional AO intervention mid-remand, resulting in quashing of assessment for procedural...
Inventory write-off and fraudulent/wrongful trading allegations in corporate insolvency led to director liability principles applied and appeal dismis...
Whether disciplinary "other misconduct" under s.22 read with s.21 of the Chartered Accountants Act, 1949 warranted removal/suspension from membership. The disciplinary findings, accepted by the professional council after considering the member's representation, concluded that the member was guilty, and the reference remained uncontested due to absence of any reply. Applying the statutory power under s.21(6) (as applicable) and consistent with prior precedent emphasizing the profession's duty of integrity and ethical conduct as custodians of financial markets, the Court accepted the reference and directed suspension from membership for one year, with a restraint on rendering services as a chartered accountant during that period. - HC
Whether disciplinary "other misconduct" under s.22 read with s.21 of the Chartered Accountants Act, 1949 warranted removal/suspension from membership. The disciplinary findings, accepted by the professional council after considering the member's representation, concluded that the member was guilty, and the reference remained uncontested due to absence of any reply. Applying the statutory power under s.21(6) (as applicable) and consistent with prior precedent emphasizing the profession's duty of integrity and ethical conduct as custodians of financial markets, the Court accepted the reference and directed suspension from membership for one year, with a restraint on rendering services as a chartered accountant during that period. - HC
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