Council Of The Institute Of Chartered ... vs Shri Gurvinder Singh

The Supreme Court held that the High Court erred in its interpretation of Section 21(3) and Section 22 of the Chartered Accountants Act, 1949, by concluding that the respondent's actions were not in his professional capacity. The Court emphasized that the Disciplinary Committee was justified in finding the Chartered Accountant guilty of 'Other Misconduct' under Schedule I Part-IV, as his conduct brought disrepute to the profession. The Court set aside the High Court's judgment and remanded the matter for fresh consideration.