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.
![MCA Brings NBFC & IFSC Finance Companies under ‘Business of Financing Industrial Enterprises’ [Read Notification]](https://images.taxscan.in/h-upload/2025/11/08/500x300_2103349-mca-nbfc-ifsc-finance-companies-financing-industrial-enterprises-taxscan.webp "MCA Brings NBFC & IFSC Finance Companies under ‘Business of Financing Industrial Enterprises’ [Read Notification]")
MCA Brings NBFC & IFSC Finance Companies under ‘Business of Financing Industrial Enterprises’ [Read Notification]
The Ministry of Corporate Affairs (MCA) has notified the Companies (Meetings of Board and its Powers) Amendment Rules, 2025 through a notification...
![Relief to Johnson & Johnson: CESTAT Allows CENVAT Credit Distribution through ISD for Both Manufacturing & Trading Units [Read Order]](https://images.taxscan.in/h-upload/2025/11/08/250x150_2103434-relief-to-johnson-johnson-johnson-johnson-cestat-cenvat-credit-taxscan.webp "Relief to Johnson & Johnson: CESTAT Allows CENVAT Credit Distribution through ISD for Both Manufacturing & Trading Units [Read Order]")
![GST ITC Available on Hydrotreated Vegetable Oil/Renewable Diesel Used for GTA Services u/ Forward Charge Mechanism: AAR [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/250x150_2103146-gst-itc-gst-hydrotreated-vegetable-oil-renewable-diesel-gta-services-taxscan.webp "GST ITC Available on Hydrotreated Vegetable Oil/Renewable Diesel Used for GTA Services u/ Forward Charge Mechanism: AAR [Read Order]")
![GST Evasion Informer has No Right to Claim Reward: Delhi HC notes Grant is at Discretion of CBIC [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/250x150_2103043-gst-evasion-right-to-claim-reward-delhi-hc-cbic-discretion-of-cbic-taxscan.webp "GST Evasion Informer has No Right to Claim Reward: Delhi HC notes Grant is at Discretion of CBIC [Read Order]")
![No Customs Penalty for Misdeclaring Goods in Airway Bills: CESTAT sets aside ₹2L Penalty on Ajanta Pharma [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102739-customs-penalty-ajanta-pharma-no-customs-penalty-taxscan.webp "No Customs Penalty for Misdeclaring Goods in Airway Bills: CESTAT sets aside ₹2L Penalty on Ajanta Pharma [Read Order]")
PCIT cannot use Suo Motu Revisional Power u/s 263 if AO has Allowed Deductions after Investigation: Kerala HC grants Relief to Apollo Tyres [Read Order]
The Kerala High Court recently granted relief to Apollo Tyres, holding that the Principal Commissioner of Income Tax (PCIT) cannot invoke suo motu revisional powers under Section 263 of the Income...
![PCIT cannot use Suo Motu Revisional Power u/s 263 if AO has Allowed Deductions after Investigation: Kerala HC grants Relief to Apollo Tyres [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102753-pcit-suo-motu-revisional-power-apollo-tyres-relief-to-apollo-tyres-taxscan.webp "PCIT cannot use Suo Motu Revisional Power u/s 263 if AO has Allowed Deductions after Investigation: Kerala HC grants Relief to Apollo Tyres [Read Order]")
GST Dept cannot Deny ITC to Buyer if Selling Dealer’s Registration Cancelled Post-Transaction: Allahabad HC [Read Order]
The Allahabad High Court recently ruled that the Goods and Services Tax (GST) Department cannot deny input tax credit (ITC) to a purchasing dealer merely because the registration of the selling...
![GST Dept cannot Deny ITC to Buyer if Selling Dealer’s Registration Cancelled Post-Transaction: Allahabad HC [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102712-gst-dept-itc-to-registration-cancelled-post-transaction-allahabad-hc-taxscan.webp "GST Dept cannot Deny ITC to Buyer if Selling Dealer’s Registration Cancelled Post-Transaction: Allahabad HC [Read Order]")
CBI Court Sentences 2 Retd. SBI Officials to 3-Year Jail Term in ₹5.7 Crore Bank Fraud Case from 2010
The Special CBI Court (West), Lucknow has convicted and sentenced two officials that retired from the State Bank of India (SBI) and a Lucknow-based private company in a fifteen-year old bank fraud...
Financial Gains from Artificially Enhanced Share Price is Proceeds of Crime: Delhi HC upholds ₹122 Cr ED PMLA Attachment [Read Order]
The Delhi High Court recently ruled that profits derived from a lawful transaction, when emanating from an illegal act, continue to constitute proceeds of crime under the Prevention of Money...
![Financial Gains from Artificially Enhanced Share Price is Proceeds of Crime: Delhi HC upholds ₹122 Cr ED PMLA Attachment [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102651-delhihc-pmla-taxscan.webp "Financial Gains from Artificially Enhanced Share Price is Proceeds of Crime: Delhi HC upholds ₹122 Cr ED PMLA Attachment [Read Order]")
ED Can Attach Assets u/ PMLA without Directly Linking Predicate Offence to Every Transaction: Delhi HC [Read Order]
The Delhi High Court has held that the Enforcement Directorate (ED) can attach property under the Prevention of Money Laundering Act, 2002 (PMLA) without the need to directly link every transaction...
![ED Can Attach Assets u/ PMLA without Directly Linking Predicate Offence to Every Transaction: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102655-enforcement-directorate-taxscan.webp "ED Can Attach Assets u/ PMLA without Directly Linking Predicate Offence to Every Transaction: Delhi HC [Read Order]")
NCLT Waives One-Tenth Shareholding Mandate, Allows Former ICEX Promoters to Maintain Oppression & Mismanagement Case [Read Order]
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) recently waived the statutory one-tenth shareholding requirement under Section 244(1)(a) of the Companies Act, 2013, permitting...
![NCLT Waives One-Tenth Shareholding Mandate, Allows Former ICEX Promoters to Maintain Oppression & Mismanagement Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102526-nclt-ahmedabad-icex-promoters-nclt-waives-taxscan.webp "NCLT Waives One-Tenth Shareholding Mandate, Allows Former ICEX Promoters to Maintain Oppression & Mismanagement Case [Read Order]")
Misrepresenting Coal Block Allocation to Artificially Inflate BSE Share Price: Delhi HC Upholds ₹122 Cr ED PMLA Attachment [Read Order]
The Delhi High Court recently affirmed that disclosing false information to the Bombay Stock Exchange claiming pre-allotment of the coal block and the subsequent preferential sale of shares...
![Misrepresenting Coal Block Allocation to Artificially Inflate BSE Share Price: Delhi HC Upholds ₹122 Cr ED PMLA Attachment [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102622-coal-block-coal-block-allocation-bse-share-price-delhi-hc-pmla-attachment-taxscan.webp "Misrepresenting Coal Block Allocation to Artificially Inflate BSE Share Price: Delhi HC Upholds ₹122 Cr ED PMLA Attachment [Read Order]")