12 August 2016

ICAI Cannot restrict number of audits

Case Name : Shaji Poulose,Chartered Accountant Vs. ICAI (Kerala High Court)

Appeal Number : WP(C).No.25662/2016(G)

Date of Judgement/Order : 03/08/2016

Hon’ble High Court of Kerala has stayed the disciplinary proceedings initiated by ICAI against CA Shaji Poulose for exceeding the limit on number of tax audits.

ICAI Cannot restrict number of audits as it has no power to issue such direction. Only statute can impose restrictions.

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