Avinash Kurungot
Avinash Kurungot is a B.B.A. LL.B (Hons.) Graduate from Christ University, Bangalore. Following a stint in Civil Litigation, marking appearances across the High Court of Kerala and various sub-courts, he has channelled his skills towards developing engaging tax, finance and news content.
Severe Staff Shortage at CBIC & CBDT: Tax Reforms Hampered by Nearly 59,000 Vacant Posts in Revenue Dept
The Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) are reportedly struggling with a severe shortage...
![No New Law Colleges for 3 Years: Bar Council of India Announces Moratorium to Deter Declining Standard of Legal Education [Read Press Release]](https://images.taxscan.in/h-upload/2025/08/15/250x150_2076953-no-new-law-colleges-for-3-years-new-law-colleges-bar-council-of-india-taxscan.webp "No New Law Colleges for 3 Years: Bar Council of India Announces Moratorium to Deter Declining Standard of Legal Education [Read Press Release]")
SEBI Releases Master Circular for Debenture Trustees: Consolidates Norms on Risk Management, Due Diligence & Security Monitoring [Read Circular]
The Securities and Exchange Board of India (SEBI) has issued a comprehensive Master Circular for Debenture Trustees, consolidating all relevant circulars into a single reference framework. The ...
![SEBI Releases Master Circular for Debenture Trustees: Consolidates Norms on Risk Management, Due Diligence & Security Monitoring [Read Circular]](https://images.taxscan.in/h-upload/2025/08/14/500x300_2076671-2071443-sebi-mutual-fund-taxscan.webp "SEBI Releases Master Circular for Debenture Trustees: Consolidates Norms on Risk Management, Due Diligence & Security Monitoring [Read Circular]")
Sahara Group Under the Scanner in Alleged Ponzi Scheme: ED Attaches 1,730 Acres Property Worth ₹3,012 Cr Assets
The EnforcementDirectorate (ED) has intensified its investigation into the Sahara Group over allegations of running a large-scale Ponzi scheme, conducting recent searches across Ghaziabad, Lucknow,...
Pending Income Tax Re-assessment Proceedings not a Bar to Institution of Criminal Prosecution: Delhi HC Sustains Complaints [Read Order]
The Delhi High Court in a recent matter held that the pendency of income tax reassessment proceedings does not vitiate the institution of criminal prosecution under the Income Tax Act, 1961. ...
![Pending Income Tax Re-assessment Proceedings not a Bar to Institution of Criminal Prosecution: Delhi HC Sustains Complaints [Read Order]](https://images.taxscan.in/h-upload/2025/08/14/500x300_2076637-itat-quashes-reassessment-proceedings-assessing-officer-tangible-materials-assessing-officer-without-having-tangible-materials-reassessment-proceedings-taxscan.webp "Pending Income Tax Re-assessment Proceedings not a Bar to Institution of Criminal Prosecution: Delhi HC Sustains Complaints [Read Order]")
Corporate Guarantee Invoked Not Protected u/s.10A IBC After Stipulated Period: NCLAT Dismisses Appeal in ₹104 Cr HDFC Bank Loan Dispute [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) at New Delhi recently dismissed an appeal, noting that a corporate guarantee invoked outside the stipulated suspension...
![Corporate Guarantee Invoked Not Protected u/s.10A IBC After Stipulated Period: NCLAT Dismisses Appeal in ₹104 Cr HDFC Bank Loan Dispute [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076497-corporate-guarantee-corporate-guarantee-invoked-taxscan.webp "Corporate Guarantee Invoked Not Protected u/s.10A IBC After Stipulated Period: NCLAT Dismisses Appeal in ₹104 Cr HDFC Bank Loan Dispute [Read Order]")
GST Rate Cut Benefits Not Passed On: GSTAT Orders Subway Franchisee to Pay Profiteered ₹5.45 Lakh to Consumer Welfare Fund [Read Order]
The Principal Bench of the Goods and Services Tax Appellate Tribunal (GSTAT), New Delhi recently upheld the findings of the Director General of Anti-Profiteering (DGAP) against M/s Urban Essence...
![GST Rate Cut Benefits Not Passed On: GSTAT Orders Subway Franchisee to Pay Profiteered ₹5.45 Lakh to Consumer Welfare Fund [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076464-welfare-fund-gst-rate-gstat-orders-gst-rate-taxscan.webp "GST Rate Cut Benefits Not Passed On: GSTAT Orders Subway Franchisee to Pay Profiteered ₹5.45 Lakh to Consumer Welfare Fund [Read Order]")
SEBI Permits Investment Advisers and Research Analysts to use Liquid & Overnight Mutual Funds for Mandatory Bank Deposit under Lien [Read Circular]
The Securities and Exchange Board of India (SEBI) has recently amended the terms and conditions pertaining to mandatory deposit requirements on registered Investment Advisers (IAs) and Research...
![SEBI Permits Investment Advisers and Research Analysts to use Liquid & Overnight Mutual Funds for Mandatory Bank Deposit under Lien [Read Circular]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076321-sebi-circular-2025-liquid-mutual-fund-lien.webp "SEBI Permits Investment Advisers and Research Analysts to use Liquid & Overnight Mutual Funds for Mandatory Bank Deposit under Lien [Read Circular]")
Corporate Debtor Failed to Comply with One-Time Settlement Terms: NCLAT Greenlights CIRP Revival [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) at New Delhi recently dismissed an applicant’s challenge to the revival of its Corporate Insolvency Resolution Process...
![Corporate Debtor Failed to Comply with One-Time Settlement Terms: NCLAT Greenlights CIRP Revival [Read Order]](https://images.taxscan.in/h-upload/2025/08/12/500x300_2076039-corporate-debtor-nclat-taxscan.webp "Corporate Debtor Failed to Comply with One-Time Settlement Terms: NCLAT Greenlights CIRP Revival [Read Order]")