Court Dismisses Frivolous Misconduct Allegation Against CA; Complaint Filed After Seven-Year Record Retention Period.

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Full Text of the Document

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....Professional misconduct on the part of CA - it is submitted that, the complaint had been made beyond the period of seven years and the Chartered Accountants were not required to maintain audit records for more than seven years - This Court finds no infirmity with the said opinion - present petition is a frivolous one - dismissed with cost of ₹ 1,00,000/-....