Accountant Penalized 50 Lakh Rupees for Misconduct in Issuing Reports Without Due Diligence Under Income Tax Act.

Accountant Penalized 50 Lakh Rupees for Misconduct in Issuing Reports Without Due Diligence Under Income Tax Act. https://www.taxtmi.com/highlights?id=74001 Professional Misconduct - The reports issued in form 10 DA u/s 80 JJAA of Income Tax Act by the Chartered Accountant - failure to obtain sufficient appropriate evidence and failure to exercise due diligence & professional skepticism - Allegation against the CA proved - monetary penalty of Rs fifty (50) lakhs only imposed - NFRA en-us Sat, 06 Jan 2024 07:37:47 +0530 Sat, 06 Jan 2024 21:41:18 +0530 TaxTMI RSS Generator Accountant Penalized 50 Lakh Rupees for Misconduct in Issuing Reports Without Due Diligence Under Income Tax Act. https://www.taxtmi.com/highlights?id=74001 Professional Misconduct - The reports issued in form 10 DA u/s 80 JJAA of Income Tax Act by the Chartered Accountant - failure to obtain sufficient appropriate evidence and failure to exercise due diligence & professional skepticism - Allegation against the CA proved - monetary penalty of Rs fifty (50) lakhs only imposed - NFRA Highlights Companies Law Sat, 06 Jan 2024 07:37:47 +0530 https://www.taxtmi.com/highlights?id=74001