Complaint alleging professional misconduct not maintainable if HC accepted audit report given by CA: HC

INCOME-TAX/CHARTERED ACCOUNTANT ACT : Where respondent-CA was appointed by High Court to conduct audit of transferor companies in connection with a scheme of merger and High Court accepted audit report of CA and sanctioned scheme of merger, it was only High Court which could comment upon such audit reports and only if any order to said effect was passed by High Court, any inquiry could be conducted by Disciplinary Committee of ICAIINCOME-TAX/CHARTERED ACCOUNTANT ACT : Where respondent-CA was appointed by High Court to conduct audit of transferor companies in connection with a scheme of merger and High Court accepted audit report of CA and sanctioned scheme of merger, it was only High Court which could comment upon such audit reports and only if any order to said effect was passed by High Court, any inquiry could be conducted by Disciplinary Committee of ICAIwww.taxmann.com Latest Case LawsRead More

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