« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  'Fresh sops for cement, none for I-T payees'... Form 16 not required to be submitted... » ICAI to decide Britannia pension case on Monday May, 04th 2007 The Institute of Chartered Accountants of India (ICAI), the self-regulatory organisation for accountants and accountancy firms, will on Monday decide a complaint by a group of pensioners from Britannia Industries against audit firm CC Chokshi & Co.    The pensioners have accused the auditor of not opposing diversion from the pension fund to Britannia Industries, in violation of the pension fund rules, Indian Trusts Act and income tax norms.    Sources said the ICAI disciplinary committee would be hearing the pensioners' allegation that R Laxminarayan, an auditor with CC Chokshi, overlooked and supported withdrawal of over Rs 12 crore from the pension fund by Britannia Industries Ltd in financial year 2003-04.    After putting off hearing a couple of times, ICAI sources said a panel would hear both the sides on Monday and take a decision. The complaint was made on April 29, 2005.    When contacted, a Britannia spokesperson refused to comment on the issue saying the matter was sub-judice. R Laxminayaran of CC Chokshi also did not comment.    According to the complaint made to the ICAI, CC Chokshi is accused of serious conflict of interest as it was paid consultancy fees by Britannia at the time it was an auditor to the pension fund.    The trustees of Britannia Covenanted Pension Fund are Britannia Managing Director Vinita Bali and Bombay Dyeing Director A K Hirjee. Britannia is owned jointly by the Wadia Group and French dairy major Danone.