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.
![Income Tax Assessment by Assessing Authority of any Specific Circle not a Fundamental or Vested Right of Assessee: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Assessment-Bombay-High-Court-Bombay-HC-Assessing-Authority-taxscan.jpg "Income Tax Assessment by Assessing Authority of any Specific Circle not a Fundamental or Vested Right of Assessee: Bombay HC [Read Order]")
Income Tax Assessment by Assessing Authority of any Specific Circle not a Fundamental or Vested Right of Assessee: Bombay HC [Read Order]
In a recent ruling, the Bombay High Court affirmed that there is no fundamental or vested right enjoyed by an Assessee that ensures Income Tax...
![CESTAT upholds Rs. 2 Cr Service Tax Demand on Stem Cell/Umbilical Cord Blood Bank, says No Retrospective Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/CESTAT-CESTAT-Ahmedabad-CESAT-News-Umbilical-Cord-Blood-Bank-TAXSCAN.jpg "CESTAT upholds Rs. 2 Cr Service Tax Demand on Stem Cell/Umbilical Cord Blood Bank, says No Retrospective Exemption [Read Order]")
![Service Tax Refund Claim by GAIL India Ltd. Valid as wrongly levied ‘Additional Charges’ reimbursed to Customers as Credit Notes: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Service-Tax-CESTAT-Service-Tax-Refund-Customs-Excise-and-Service-Tax-Appellate-Service-Tax-claimed-taxscan.webp "Service Tax Refund Claim by GAIL India Ltd. Valid as wrongly levied ‘Additional Charges’ reimbursed to Customers as Credit Notes: CESTAT [Read Order]")
![Amount paid by Employee to Employer in lieu of Waiver of Notice-Period Not Liable to Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Amount-paid-Employee-to-Employer-Waiver-of-Notice-Period-Service-Tax-CESTAT-TAXSCAN.jpg "Amount paid by Employee to Employer in lieu of Waiver of Notice-Period Not Liable to Service Tax: CESTAT [Read Order]")
CBI takes over Bribery Investigation against Central GST Dy. Commissioner and Superintendent, registers FIR
The Central Bureau of Investigation ( CBI ) has taken charge of an Investigation pertaining to allegations of bribery levelled against the Deputy Commissioner and Superintendent of the Central Goods...
Failure to Respond to initial Service Tax SCN not Intention to Suppress Facts: Karnataka HC [Read Order]
The Karnataka High Court recently held that omission to reply to the first Show-Cause Notice (SCN) issued to an Assessee by the Revenue Department does not constitute malintent to suppress facts in a...
![Failure to Respond to initial Service Tax SCN not Intention to Suppress Facts: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Karnataka-HC-Service-Tax-SCN-Karnataka-High-Court-Show-Cause-Notice-payment-of-Service-Tax-initial-Service-Tax-taxscan.jpg "Failure to Respond to initial Service Tax SCN not Intention to Suppress Facts: Karnataka HC [Read Order]")
Venture Capital Trust not a Juridical Person: Karnataka HC quashes Service Tax Demand [Read Order]
The Karnataka High Court in a recent Judgment disposed of 31 Central Excise Appeals pertaining to the same subject matter. The High Court ruled that Trust Funds cannot be categorized as a ‘Juridical...
![Venture Capital Trust not a Juridical Person: Karnataka HC quashes Service Tax Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Karnataka-High-Court-Karnataka-HC-Service-Tax-Demand-Venture-Capital-TAXSCAN.jpg "Venture Capital Trust not a Juridical Person: Karnataka HC quashes Service Tax Demand [Read Order]")
Exemption of Interest from Surplus Funds in Bank FDs allowable u/s 10AA of Income Tax Act for Exporters in SEZ: Karnataka HC [Read Order]
The Karnataka High Court in a recent decision permitted the Tax Exemptions availed by an Assessee on Surplus Funds parked in Fixed Deposits ( FDs ) of banks as per the stipulations of Section 10AA of...
![Exemption of Interest from Surplus Funds in Bank FDs allowable u/s 10AA of Income Tax Act for Exporters in SEZ: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-Karnataka-High-Court-SEZ-Exports-TAXSCAN.jpg "Exemption of Interest from Surplus Funds in Bank FDs allowable u/s 10AA of Income Tax Act for Exporters in SEZ: Karnataka HC [Read Order]")
Relief to MPhasis Ltd: Reasonable Time Limit u/s 201 of Income Tax Act applicable to Non-Residents, rules Karnataka HC [Read Order]
The Karnataka High Court ruled in a recent Income Tax Appeal before it, that limitation on the basis of ‘Reasonable Time Limit’ under Section 201 of the Income Tax Act, 1961 applies to Non-Residents...
![Relief to MPhasis Ltd: Reasonable Time Limit u/s 201 of Income Tax Act applicable to Non-Residents, rules Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Relief-MPhasis-Ltd-Reasonable-Time-Limit-Income-Tax-Act-Non-Residents-Karnataka-HC-taxscan.jpg "Relief to MPhasis Ltd: Reasonable Time Limit u/s 201 of Income Tax Act applicable to Non-Residents, rules Karnataka HC [Read Order]")
Reassessment of Income u/s 153A impermissible without Incriminating Evidence: Karnataka HC upholds Deletion of Assessed Income [Read Order]
The Karnataka High Court recently held in an Income Tax Appeal that the provisions under Section 153A of the Income Tax Act, 1961 does not permit an Assessing Officer ( AO ) to reassess the income of...
![Reassessment of Income u/s 153A impermissible without Incriminating Evidence: Karnataka HC upholds Deletion of Assessed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Appeal-Assessing-Officer-Reassessment-of-Income-TAXSCAN.jpg "Reassessment of Income u/s 153A impermissible without Incriminating Evidence: Karnataka HC upholds Deletion of Assessed Income [Read Order]")