Judgement

Rs. 2 Lakh Fine Imposed for Violating Section 144 of Companies Act and Failing to Exercise Due Diligence

ICAI Disciplinary Committee Reprimands CA for Acting as Statutory and Internal Auditor Simultaneously

Cash consideration from temple workers treated as genuine transaction; reasonable cause under Section 273B accepted

Excess jewellery stock to be taxed only to extent actually reconciled and already offered in return

Once AO passed first OGE granting refund and lifting attachments, second order held non-est and without jurisdiction

Holding directorship while auditing group entities held to violate independence norms: ICAI

Auditor held guilty for failing to verify Rs. 29.67 lakh shown as recoverable from third party without sufficient evidence