Wake UP ICAI
Does ICAI need to wake up from the hibernation....................? to raise standard within practice, as we can see now a day’s various courts judgements are indicating that the C A’s are not well knowledgeable or well equipped or updated in the fields they are practising or they are not giving importance to value addition or is there anything which is stopping them. Recently we get to know the one of judgement passed by ITAT Mumbai indication the deterioration in profession or lack of knowledge. ICAI need to do to something otherwise in near future CA’s even not allowed to practice in their well known filed i.e. Auditing and that field will also be taken over by some other Professionals. Judgement is given below as It Is ....... Vijay V Meghani vs. DCIT (ITAT Mumbai) ITAT laments severe fall in standards of CA profession. Advices ICAI to take disciplinary proceedings against erring members & tackle issue on war footing The assessee filed appeals for A...