Supreme Court Upholds ICAI Rule Capping Tax Audit Assignments for CAs

The Supreme Court on Friday upheld a rule by the Institute of Chartered Accountants of India (ICAI) that caps the maximum number of tax audit assignments a Chartered Accountant (CA) can accept in a financial year at 60. A bench of Justices B.V. Nagarathna and A.G. Masih held that the rule under Chapter VI of

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