« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  '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.