Govt to decide over PWC prosecution: SC

Posted By: Staff
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New Delhi, Jul 13: The Supreme Court on Monday, Jul 13 has handed over a case to the Centre to decide whether to prosecute reputed chartered accountant firm PricewaterhouseCoopers Pvt Ltd for alleged errors in computing its taxable income for 2000-01.

A Bench headed by Justice S H Kapadia has left it open for the government to decide whether it wanted to go ahead with the criminal prosecution of the firm even after it paid the penalty and was not seeking refund.

The Bench has also asked the additional solicitor general Parag Tripathi to look into the matter and seek instructions from the government on the issue.

Earlier the Calcutta High Court had held PWC for failing to furnish true and correct particulars of accounts while filing the returns.

OneIndia News

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