SC transfers to itself petitions pending before HCs challenging ICAI guidelines restricting number of audit by a CA

INCOME TAX/CA : Where writ petitioners filed transfer petition for various petitions filed in different High Courts challenging validity of Chapter VI of Guidelines No.1- CA(7)/02/2008, dated 8-8-2008 issued by Council of Institute which stipulated that a member of Institute in practice shall not accept, in a financial year, more than "specified number of tax audit assignments", which is at present 60 under Section 44AB of the Income-tax Act, 1961, it is held that guidelines which are impugned i

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