Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Tally On Cloud Tally on Cloud: Ready for the Daily Backup Requirement
Keep your Tally books accessible from anywhere while supporting your Rule 46(8) obligations. With daily backups configured on servers physically located in India, Tally on Cloud helps you maintain the backup arrangement required for electronic books of account under the Income-tax Rules, 2026. Move your Tally to the cloud with confidence.
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.
 Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief
 ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know
 Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose
 CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27
 CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details
 Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window
 Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do
 Tax audit deadline September 30: Common mistakes taxpayers should avoid
 Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck
 Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money

PwC auditor moves SC against ICAI
July, 30th 2011

PriceWater house auditor Srinivas Talluri, one of the accused in the R14,000-crore Satyam Computer Services accounting fraud case, on Friday challenged the Delhi High Court order that rejected his plea to stay disciplinary proceedings before the Institute of Chartered Accountants of India (ICAI).

However, a bench headed by Justice MK Sharma recused from hearing the case. The matter is likely to come up for hearing on Monday before another bench.

The regulatory body of chartered accountants had initiated disciplinary proceedings against the auditors of the scam-hit Satyam (now Mahindra Satyam) after its founder-promoter B Ramalinga Raju confessed to inflating the company account books.

The disciplinary proceedings were initiated by the ICAI following failure of the auditors to detect the accounting fraud, which continued in the IT company for many years.

While seeking a stay on disciplinary proceeding before ICAI, the auditor said that the subject-matter of both the disciplinary proceedings as well as the criminal case in the Special CBI Court were more or less identical.

And during the trial, he would be required to disclose his entire defence, which would be violative of his fundamental right against self-incrimination.

Meanwhile, the accounting regulator said that it would complete cross-examination of witnesses in the R14,000-crore Satyam accounting fraud case in the next two days.

There are 15 witnesses (in the Satyam case) and we have completed cross examination of 12, rest we will cross-examine on July 31. We will also complete examination of documents which we have, said ICAI president G Ramasawamy. Earlier, in 2009, ICAI had set up a six-member special committee to look into the fraud in the Hyderabad-based IT company.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting