Council of the Institute of Chartered v. Shri P.V.Kalyanasundaram
Case at a glance
Provisions considered
Key paragraphs
- Para 66. Reference is disposed of accordingly. (R.M.LODHA, J.) J.) J.) (R.M.LODHA, (R.M.LODHA, (J.P. DEVADHAR, J.) DEVADHAR, J.) (J.P. (J.P. DEVADHAR, J.)
Judgment
The without Balance Sheets and Profit and Loss accounts. (mentioned attaching submitted respect 1 above) relevant The reports Income tax Act in respect of the Respondent Section issued 44 AB aforesaid examining/satisfying Balance Accounts respective books of account, maintained by the firms. Sheet firms, whether Profit agreement without Loss & though Even account incomplete, certificate a Balance Sheets and Profit & Loss accounts of the assessees. proper Respondent proper Form 3CB account accounts a certifying
The respondent explanation denying misconduct a candid disclosure considering competition, delayed collection, increased overheads detrimental survival, lenient against practice 17 without blemish. In backdrop candid attitude respondent, difficult accept recommendation Council respondent removed register members months. After all, respondent honest accepting the misconduct on his part and did not 4 tender false explanation justifying his action.
21 Though concur respondent guilty misconduct within meaning sections 22 Chartered Accountants Act, 1949, however, unable accept recommendation Council respondent removed from the register of members for six months; instead we reprimand the respondent.
Reference is disposed of accordingly. (R.M.LODHA, J.) J.) J.) (R.M.LODHA, (R.M.LODHA, (J.P. DEVADHAR, J.) DEVADHAR, J.) (J.P.
(J.P. DEVADHAR, J.)
Questions this judgment answers
Which statutory provisions did this judgment involve?
Chartered Accountants Act, 1949; Income Tax Act, 1961.
Which court decided this case, and when?
Bombay High Court, on 18 Oct 2004. The bench was R M LODHA, P DEVADHAR.
Precedent status how later indexed judgments have treated this case
No known negative treatment found in the Courts & Cases corpus.
This is a result about the indexed corpus, not a finding that the judgment remains good law. Coverage may be incomplete.