https://www.taxtmi.com/caselaws?id=444766 The HC observed that the ICAI's recommendations lacked independent reasoning and appeared mechanical. Considering the repayment of the loan in 1998 and the prolonged pendency of the case for over 27 years, the HC concluded that no further action was warranted. Consequently, the HC directed the ICAI to file the proceedings and disposed of the reference without imposing any costs. en-us Wed, 11 Oct 2023 00:00:00 +0530 Mon, 23 Oct 2023 08:44:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444766 The HC observed that the ICAI's recommendations lacked independent reasoning and appeared mechanical. Considering the repayment of the loan in 1998 and the prolonged pendency of the case for over 27 years, the HC concluded that no further action was warranted. Consequently, the HC directed the ICAI to file the proceedings and disposed of the reference without imposing any costs. Case-Laws Indian Laws Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444766