Re: [aaykarbhavan] ICAI Takes Stern View Of Strictures Passed By ITAT On CA Profession

Hi All,

Well taken up.

I hope the ITAT also has at least some views / observations (if not, capable or have some vision to also take suitable some corrective action) on their own department's laxity and unconducive attitudinal work culture / atmosphere and the least said about "corrupt practices" , if may I be permitted to add so.

Best Regards,

CA SUDHIR G AGRAWAL
SUDHIR G AGRAWAL & ASSOCIATES
CHARTERED ACCOUNTANTS
CDMA: + 91 9372437923
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URL: http://sudhirgagrawalassociates.icai.org.in/

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On Mon, Sep 22, 2014 at 2:31 PM, 'editor@itatonline.org' itatonline.org@gmail.com [aaykarbhavan] <aaykarbhavan@yahoogroups.com> wrote:

 

Dear Subscriber,

 

ICAI Takes Stern View Of Strictures Passed By ITAT On CA Profession

It may be recalled that in Vijay V Meghani vs. DCIT, the ITAT Mumbai has passed severe strictures and lamented the alleged fall in standards in the CA profession. The Tribunal pointed out several factors which, according to it, show "signs of deteriorating standards" amongst Chartered Accountants. The Tribunal also expressed the fear that the CA profession is "losing its grip over the Income tax matters". The ITAT advised the ICAI to tackle the issues on a war footing so as to bring back the high standards, confidence, quality, prestige, reputation etc. enjoyed by the C.A. profession.

In response to the said order, the Council of the ICAI has issued a statement that the comments made by the ITAT on the profession and functions of the ICAI are not warranted. It is also stated that the "sweeping observations" made by ITAT about the Institute and the profession of Chartered Accountancy in a matter relating to a particular tax payer, are out of context.

The Council has stated that it has decided to take steps for expunging the aforesaid remarks made by the ITAT against the CA profession.

 

Regards, 

 

Editor, 

 

itatonline.org
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Posted by: Sudhir G Agrawal <casudhiragrawal@gmail.com>

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