Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: due date for vat payment :: TDS :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT RATES :: Central Excise rule to resale the machines to a new company :: empanelment :: articles on VAT and GST in India :: VAT Audit
ę News Headlines »
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol
 6 Tax notices you may get and how to cope with them Income Tax Notice
 Deadline to pay advance tax ends tomorrow: Here is a step-by-step guide
  Central Goods and Services Tax (Second Amendment) Rules, 2018
 Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
 Income tax returns (ITR) filing: Top mistakes that can be very costly
 Income Tax Return (ITR) filing: 6 last-minute things you can still do to save tax for FY17-18
 How to file Income Tax Returns online in 5 simple steps

SC rejects PW auditors bail plea
April, 20th 2010

The Supreme Court on Monday rejected the bail plea of Price Waterhouse auditor Subramani Gopalkrishnan, who was arrested in the Rs 7,136-crore Satyam fraud case for allegedly conniving with its founder B Ramalinga Raju and other aides.

A bench headed by Chief Justice KG Balakrishnan while dismissing the auditors bail plea observed that the auditor can renew his prayer for bail in the Andhra High Court. Gopalakrishnan withdrew his appeal.

Senior counsel Siddhart Luthra, appearing for Gopalkrishnan, said there was no distinction between the charges framed against another auditor Talluri Srinivas, who is on bail since February 3, and Gopalkrishanan.

Only difference is that Gopalkrishnan audited the Satyam accounts for seven years while Talluri did it for only two years, he said, adding that the former was not an employee of Satyam but was an external auditor.

Luthra further informed the court that the trial in the Satyam scam had not started yet and will take another two years to start and thus his client should not be kept behind bars till then.

Opposing the bail plea additional solicitor general Harin Rawal said Talluri had carried forward the audit done by Gopalakrishnan, who played a major role in the scam. Besides, Gopalkrishnan is not cooperating with the trial, he added.

The auditors were arrested on January 24, 2009 on charges of conspiring in the fraud and Gopalakrishnan had been in judicial custody since then at the Chanchalguda central jail in Hyderabad.

While denying any criminal wrongdoing in their appeals, the auditors had said that their role was minimal and had charged CBI, which is investigating the Satyam fraud, with adopting an unprofessional approach by linking all the accused. The High Court in December last year had dismissed the bail pleas of the auditors involved in the accounting fraud at Satyam Computer Services Ltd.

However, Srinivas got bail from the apex court on February 3 after he was asked to furnish a personal bond of Rs 20 lakh and two sureties of like amount and surrender of his passport as the condition of his release on bail. Even disgraced Satyam Computers founder and ex-chairman B Ramalinga Raju bail was dismissed in March.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions