Judgement

Failure to verify set-off of Rs. 2 crore depreciation held as gross negligence under the Second Schedule.

ICAI Reprimands CA for Wrongly Certifying Unabsorbed Depreciation in Tax Audit Report

ICAI held Chartered Accountant guilty of professional misconduct for certifying unsigned financial statements in the AOC-4 filing.

Revision of shareholding pattern and Board’s Report without Section 131 compliance held as gross negligence.

Two Section 44AB tax audits conducted without COP were held to be professional misconduct.

Uploading two Section 44AB tax audit reports without full-time Certificate of Practice held as professional misconduct.

Four men were arrested for allegedly posing as a businessman’s father and tricking his CA into transferring Rs. 99.8 lakh via a fake account.