Delhi HC stays NFRA Proceedings on alleged Section 80JJA Report Misconduct by CA

CA Unnikrishnan Menon Vs National Financial Reporting Authority And Another (Delhi High Court) Introduction: The Delhi High Court recently became the stage for a legal battle as CA Unnikrishnan Menon challenged a show cause notice issued by the National Financial Reporting Authority (NFRA) under Section 132(4)(c) of the Companies Act. The notice alleged irregularities in the deduction claimed under Section 80JJAA of the Income Tax Act by M/s Quess Corp Limited (QUESS). This article delves into the key arguments presented, the legal framework invoked, and the court’s interim decision. Leg...