COUNCIL OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA vs SHRI GURVINDER SINGH

The Supreme Court held that the High Court erred in its interpretation of Section 21(3) of the Chartered Accountants Act, 1949, which allows for disciplinary action against a Chartered Accountant for 'Other Misconduct' even if the act was not performed in a professional capacity. The Court found that the Disciplinary Committee was justified in holding the respondent guilty of misconduct that brought disrepute to the profession. Consequently, the Court set aside the High Court's judgment and remanded the matter for reconsideration.