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.
AAR and AAAR Weekly Round Up
This round-up analytically summarises the key stories related to the Goods and Services Tax Authority for Advance Ruling (AAR) and Appellate...
![No GST applicable on Clubs’ Services to its Members: Kerala HC declares S. 7(1)(aa) and S. 2(17)(e) Unconstitutional [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Kerala-HC-GST-Services-Mutual-Schemes-Indian-Medical-Association-Members-from-Taxscan.jpg "No GST applicable on Clubs’ Services to its Members: Kerala HC declares S. 7(1)(aa) and S. 2(17)(e) Unconstitutional [Read Order]")
![NFRA Releases Series 3 of Audit Committee-Auditor Interactions [Read Document]](https://www.taxscan.in/wp-content/uploads/2025/04/Corporate-Governance-Audit-Quality-NFRA-taxscan-.jpg "NFRA Releases Series 3 of Audit Committee-Auditor Interactions [Read Document]")
Bogus Purchases: Bombay HC Sustains ₹6 Crore Income Tax Addition using Peak of Purchases [Read Order]
The Bombay High Court recently used the peak of purchases method to ascertain and uphold an income tax addition of ₹6.15 crore on a trader with regard to alleged bogus purchases done during the...
![Bogus Purchases: Bombay HC Sustains ₹6 Crore Income Tax Addition using Peak of Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Bogus-Purchases-Bombay-HC-Income-Tax-Addition-Peak-of-Purchases-taxscan.jpg "Bogus Purchases: Bombay HC Sustains ₹6 Crore Income Tax Addition using Peak of Purchases [Read Order]")
9 Shell Firms and ₹23.66 Crore GST ITC Fraud: Faridabad Sessions Court denies Bail to Accused [Read Order]
The Faridabad Sessions Court recently dismissed a bail application filed by an accused who was deemed to have orchestrated a large-scale fraud involving the creation of nine shell firms to...
![9 Shell Firms and ₹23.66 Crore GST ITC Fraud: Faridabad Sessions Court denies Bail to Accused [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/GST-ITC-Fraud-Faridabad-Sessions-Court-denies-Bail-Accused-taxscan.jpg "9 Shell Firms and ₹23.66 Crore GST ITC Fraud: Faridabad Sessions Court denies Bail to Accused [Read Order]")
‘Accommodative’ RBI Monetary Policy Slashes Repo Rate by 25 bps: Borrowers to get Reduced Loan Rates Amid Trump Tariffs [Read Statement]
The Reserve Bank of India (RBI), in its first bi-monthly Monetary Policy Committee (MPC) meeting for FY 2025–26, announced a 25 basis points cut in the policy repo rate, bringing it down from 6.25%...
![‘Accommodative’ RBI Monetary Policy Slashes Repo Rate by 25 bps: Borrowers to get Reduced Loan Rates Amid Trump Tariffs [Read Statement]](https://www.taxscan.in/wp-content/uploads/2025/04/Accommodative-RBI-Monetary-Policy-Repo-Rate-by-25-bps-Borrowers-Reduced-Loan-Rates-Amid-Trump-Tariffs-taxscan.jpg "‘Accommodative’ RBI Monetary Policy Slashes Repo Rate by 25 bps: Borrowers to get Reduced Loan Rates Amid Trump Tariffs [Read Statement]")
Supreme Court Condones Delay in S.151 Matter on Sanction for Notice in Terms of Judgment in Rajeev Bansal Case
The Supreme Court of India recently condoned delays in the Income Tax Department’s appeal against the Bombay High Court’s quashing of reassessment notices issued to an Assessee, while calling on the...
Whatsapp Chats Revealed Transactions of ₹1 Crore: Rajasthan HC Upholds Income Tax Proceedings [Read Order]
In a significant ruling, the Rajasthan High Court upheld the legitimacy of transactions of ₹1 Crore, unearthed on the basis of Whatsapp chats against which proceedings under Section 153C of the...
![Whatsapp Chats Revealed Transactions of ₹1 Crore: Rajasthan HC Upholds Income Tax Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Whatsapp-Whatsapp-Chats-Revealed-Transactions-Whatsapp-Chats-Revealed-Whatsapp-Chats-Rajasthan-HC-Rajasthan-HC-Upholds-taxscan.jpg "Whatsapp Chats Revealed Transactions of ₹1 Crore: Rajasthan HC Upholds Income Tax Proceedings [Read Order]")
Works Contract with RVNL for Doubling Railway Track and Allied Construction Attracts GST @ 12%: Madras HC [Read Order]
The Madras High Court recently held that works contract awarded by Rail Vikas Nigam Limited (RVNL) to a developer for the purposes of railway infrastructure development is liable to Goods and...
![Works Contract with RVNL for Doubling Railway Track and Allied Construction Attracts GST @ 12%: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/RVNL-site-img-1.jpg "Works Contract with RVNL for Doubling Railway Track and Allied Construction Attracts GST @ 12%: Madras HC [Read Order]")
₹2,500 Crore GST Demand on Coca Cola: Bombay HC Stays Revenue Proceedings after Noting Infirmity in Undervaluation Claims [Read Order]
The Bombay High Court recently stayed a Goods and Services Tax (GST) demand of approximately ₹2,500 crore raised against Hindustan Coca-Cola Beverages Pvt. Ltd., observing that the revenue...
![₹2,500 Crore GST Demand on Coca Cola: Bombay HC Stays Revenue Proceedings after Noting Infirmity in Undervaluation Claims [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/GST-Demand-Coca-Cola-Bombay-HC-Revenue-Proceedings-Noting-Infirmity-Undervaluation-Claims-TAXSCAN.jpg "₹2,500 Crore GST Demand on Coca Cola: Bombay HC Stays Revenue Proceedings after Noting Infirmity in Undervaluation Claims [Read Order]")