![RBI Notifies Revised Guidelines for Opening and Operation of Minors’ Bank Accounts [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/Reserve-Bank-of-India-RBI-banking-norms-for-minors-Bank-Accounts-taxscan.jpg "RBI Notifies Revised Guidelines for Opening and Operation of Minors’ Bank Accounts [Read Notification]")
RBI Notifies Revised Guidelines for Opening and Operation of Minors’ Bank Accounts [Read Notification]
The Reserve Bank of India ( RBI ) has issued new guidelines for banks on how to open and manage bank accounts for minors (children under 18 years)....
Absence of Adverse comments in Audit Report: Andhra HC allows Applications for Half-Yearly Accounts in Liquidation u/s 462 of Companies Act [Read Order]
In a recent judgement, the Andhra Pradesh High Court allows applications for half-yearly accounts in liquidation under Section 462 of the Companies Act, citing the absence of adverse comments in the...
Absence of Adverse Comments in Audit Report: Andhra HC allows Application for Half-Yearly Accounts in Liquidation u/s 462 of Companies Act [Read Order]
The High Court of Andhra Pradesh has allowed the company application filed under Section 462 of the Companies Act, 1956, read with Rule 298 and Rule 306 of the Companies (Court) Rules, 1959, due to...
Addition made on Account of Estimated Rate of Profit applied to Turnover does not Amount to Concealment: ITAT deletes Penalty [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has held that addition made on account of estimated rate of profit applied to turnover did not amount to concealment. Therefore, the bench...
![Addition made on Account of Estimated Rate of Profit applied to Turnover does not Amount to Concealment: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Account-of-Estimated-Rate-of-Profit-Account-Estimated-Rate-Profit-Rate-of-Profit-Turnover-Amount-to-Concealment-Concealment-ITAT-deletes-Penalty-ITAT-Penalty-Taxscan.jpg "Addition made on Account of Estimated Rate of Profit applied to Turnover does not Amount to Concealment: ITAT deletes Penalty [Read Order]")
![Claim of Insurance on Account of Loss by Fire cannot be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Claim-of-Insurance-on-Account-Claim-Claim-of-Insurance-Account-of-Loss-ITAT-Taxscan.jpg "Claim of Insurance on Account of Loss by Fire cannot be Disallowed: ITAT [Read Order]")
ITAT quashes addition made on account of determination of Annual Letting Value in respect of Unsold Residential Units [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently quashed additions made on account of determination of Annual Letting Value in respect of Unsold Residential...
![ITAT quashes addition made on account of determination of Annual Letting Value in respect of Unsold Residential Units [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quashes-addition-ITAT-made-on-account-account-determination-of-Annual-Letting-Value-Annual-Letting-Value-Unsold-Residential-Units-Residential-Units-taxscan.jpg "ITAT quashes addition made on account of determination of Annual Letting Value in respect of Unsold Residential Units [Read Order]")