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CA Held Guilty for Facilitating Bribery to Influence Income Tax Assessment and Acting as Co-Conspirator with Public Servant: ICAI Board of Discipline Orders Removal and Monetary Penalty – In Re: CA Deepak Aggarwal
Facts of the CaseDisciplinary proceedings were initiated against CA Deepak Aggarwal
following information and investigation by the Central Bureau of Investigation,
Anti-Corruption Branch, New Delhi. The Respondent was ...
Chartered Accountant Exonerated Where Allegations of Shell Companies and LTCG Accommodation Entries Were Based Solely on Statements Without Corroborative Evidence: Bhola Ram Dewasi vs. CA Sashi Kant Khetan (ICAI Board of Discipline)
Facts of the
CaseThe complainant, Shri Bhola Ram Dewasi, Deputy
Director of Income Tax (Investigation), Kolkata, filed a complaint against the
respondent, CA Sashi Kant Khetan, alleging involvement in financial
irreg...
Practising Chartered Accountant Held Not Guilty Where Alleged Consultancy and Commission Claims Arose After Resignation from Directorship: Balwant Prasad Singh vs. CA Jayant Kumar Harlalka (ICAI Board of Discipline)
Facts of the
CaseThe complainant, Shri Balwant Prasad Singh,
Director of M/s Vision India Services Private Limited, filed a complaint
against the respondent, CA Jayant Kumar Harlalka, alleging misrepresentation
and p...
CA Found Guilty for Acting as Intermediary in Investment Transactions and Engaging in Business Beyond Professional Role: ICAI Board of Discipline Orders Removal and Monetary Penalty – Akhilesh Agarwal vs. CA Radhey Shyam Bansal
Facts of the CaseA complaint was filed by CA Akhilesh Agarwal against CA Radhey Shyam
Bansal alleging professional misconduct arising from investment transactions in
real estate projects at Dehradun and Behror. The com...
Chartered Accountant Found Guilty of Forgery, Abuse of Professional Relationship and Misappropriation of Trust Funds: Amit M. Panchal vs. CA Tehmul B. Sethna (ICAI Board of Discipline)
Facts of the
CaseThe complainant, Shri Amit M. Panchal, filed a
complaint against the respondent, CA Tehmul B. Sethna of M/s Apaji Amin &
Co. LLP, alleging serious professional misconduct arising from abuse of tru...
Practising Chartered Accountant Penalised for Engaging in Business of Sale of Building Materials in Firm’s Name: Ajay Bharti vs. CA Akshay Mittal (ICAI Board of Discipline)
Facts of the
CaseThe complainant, Shri Ajay Bharti, entered into a
transaction for sale of an under-construction property to the family of the
respondent, CA Akshay Mittal. It was alleged that the respondent, claiming...
Chartered Accountant Reprimanded for Assisting in Fudged Financial Statements, Bogus CMA Data and Receipt of Illegal Payments: M. Roopa (CBI) vs. CA Devarajan K.E. (ICAI Board of Discipline)
Facts of the
CaseThe complainant, Ms. M. Roopa, IPS, Superintendent
of Police, Central Bureau of Investigation, Anti-Corruption Branch, Chennai,
filed a complaint against the respondent, CA Devarajan K.E., alleging se...
Property Dispute Arising from Competing Wills Held Outside ICAI Jurisdiction: Chartered Accountant Found Not Guilty of Other Misconduct – Kala Somani vs. CA Prasan Kumar Deshlahra (ICAI Board of Discipline)
Facts of the
CaseThe complainant, Ms. Kala Somani, an elderly lady
aged about 82 years, filed a complaint against the respondent, CA Prasan Kumar
Deshlahra, alleging mental harassment, illegal occupation of her house,...
No Professional Misconduct in Partnership Dispute with Legal Heir Where Partnership Deed Is Silent on Goodwill and Audit Obligations: Pritha Ponraj vs. CA K. Venkatraman (ICAI Board of Discipline)
Facts of the
CaseThe complainant, Mrs. Pritha Ponraj, widow and
legal heir of late CA S. Ponraj, filed a complaint against the respondent, CA
K. Venkatraman, partner of M/s Ponraj & Co., alleging multiple acts of
...
Chartered Accountant Not Guilty Where Alleged Facilitation of Share Premium Transaction Found Unsupported by Income Tax Findings: Information vs. CA Atul Jain (ICAI Board of Discipline)
Facts of the
CaseA search action under Section 132 of the Income Tax
Act, 1961 was conducted on 23.12.2014 in the case of M/s Kaygee Investments
Private Limited. During the search, it was noticed that the company had
...