Honb'le Punjab & Haryana High Court Held as under in this case:
From the facts, noticed above, it is clear that respondent No. 1 grossly violated the code of ethics for Chartered Accountants. He admitted his guilt before the Income-tax authorities, which resulted in defrauding the revenue. Thereafter, he left the country. He did not avail of the opportunity afforded to him at different stages to defend the case against him. A professional, who behaves in this manner, deserves to be dealt with sternly.
In our opinion, the conduct of respondent No. 1 is wholly unworthy of a Chartered Accountant, who is expected to maintain high standard of professional conduct. The punishment proposed by the Institute in these circumstances is quite lighter. Such a professional deserves to be debarred from practice for life time. Hence, in exercise of powers conferred under Section 21(6) of the Act, we deem it appropriate to direct that name of respondent No. 1 be removed from the register of members of the Institute for life. Ordered accordingly.
This is not the oly thing. But I have observed that C A Profession is liable for code of conduct for action from Judiciay , Justices, Hon. Courts. But with due respect to all , without any contempt , I have observed in Court cases , my personal, CA Turned to Advocate, is free from Ethical standards. Hon. court and Justices and Judges will allow any thing against code of ethics? This is a safe harbour for Advocates???!!! WHereas CA Profession is not!!!!!
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