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.
![Is Excessive Share Premium a Capital Receipt or Income? Supreme Court to determine Taxability of ₹679 Cr [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/2104921-share-premium-capital-income-taxscan.webp "Is Excessive Share Premium a Capital Receipt or Income? Supreme Court to determine Taxability of ₹679 Cr [Read Order]")
Is Excessive Share Premium a Capital Receipt or Income? Supreme Court to determine Taxability of ₹679 Cr [Read Order]
The Supreme Court of India recently admitted an appeal filed by the Income Tax Department, challenging a Bombay High Court ruling that held...
![BCI Notifies Rules for Foreign-National Advocates to Enrol and Practice Law in India [Read Notification]](https://images.taxscan.in/h-upload/2025/11/15/2105478-bci-foreign-national-advocates-practice-law-in-india-taxscan.webp "BCI Notifies Rules for Foreign-National Advocates to Enrol and Practice Law in India [Read Notification]")
![DGFT Clarifies Conditions where EODC shall not be Withheld for Advance Authorisation Holders [Read Circular]](https://images.taxscan.in/h-upload/2025/11/14/2105262-dgft-eodc-eodc-shall-advance-authorisation-holders-taxscan.webp "DGFT Clarifies Conditions where EODC shall not be Withheld for Advance Authorisation Holders [Read Circular]")
BCCI’s ₹51-Crore Gift and ICC’s Record Prize: How Much Will India’s Women’s World Cup 2025 Winners Actually Take Home?
India’s historic ICC Women’s World Cup 2025 triumph at Navi Mumbai’s DY Patil Stadium has written a new course for the trajectory of women’s cricket - both on and off the field. The emphatic 52-run...
‘Twaron Para-Aramid Pulp’ is Textile Flock under Customs Tariff: CESTAT Directs Importer to Pay Differential Duty [Read Order]
The Principal Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) at New Delhi ruled that ‘Twaron Para-Aramid Pulp’ imported into India is correctly classifiable as textile...
![‘Twaron Para-Aramid Pulp’ is Textile Flock under Customs Tariff: CESTAT Directs Importer to Pay Differential Duty [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/2104821-twaron-para-aramid-pulp-para-aramid-pulp-textile-flock-customs-tariff-taxscan.webp "‘Twaron Para-Aramid Pulp’ is Textile Flock under Customs Tariff: CESTAT Directs Importer to Pay Differential Duty [Read Order]")
Not Disclosing Fibre Length in Import of ‘Para-Aramid Pulp’ not Suppression: CESTAT Bars Extended Limitation by Customs [Read Order]
The Principal Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) at New Delhi ruled that failure to disclose the length of imported ‘Twaron Para-Aramid Pulp’ fibre does not...
![Not Disclosing Fibre Length in Import of ‘Para-Aramid Pulp’ not Suppression: CESTAT Bars Extended Limitation by Customs [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/2104820-fibre-length-in-import-para-aramid-pulp-cestat-bars-extended-customs-taxscan.webp "Not Disclosing Fibre Length in Import of ‘Para-Aramid Pulp’ not Suppression: CESTAT Bars Extended Limitation by Customs [Read Order]")
Notebook Suppliers not Providing Goods at Zero-GST Rate: Manufacturers flag Cost Escalation & Import Surge
Notebook manufacturers across India have expressed concerns over growing production costs following the recent changes effectuated to the Goods and Services Tax (GST) rates changes that placed...
Can Customs Deny Advance Authorisation Benefit for Misclassified Imports? Supreme Court Stays Kerala HC Relief to Nitta Gelatin [Read Judgement]
The Supreme Court of India recently stayed a ruling by the Kerala High Court which upheld an importer’s entitlement to duty-free benefit under the Advance Authorisation scheme despite errors in the...
![Can Customs Deny Advance Authorisation Benefit for Misclassified Imports? Supreme Court Stays Kerala HC Relief to Nitta Gelatin [Read Judgement]](https://images.taxscan.in/h-upload/2025/11/12/2104512-can-customs-advance-authorisation-misclassified-imports-supreme-c-ourt-kerala-hc-taxscan.webp "Can Customs Deny Advance Authorisation Benefit for Misclassified Imports? Supreme Court Stays Kerala HC Relief to Nitta Gelatin [Read Judgement]")
Book Entries of Unverified Bank Overdrafts Not Genuine Income Tax Liabilities: Supreme Court sustains Delhi HC Order [Read Judgement]
The Supreme Court of India recently upheld a ruling by the Delhi High Court wherein it was affirmed that book entries reflecting unverified bank overdrafts did not constitute genuine income tax...
![Book Entries of Unverified Bank Overdrafts Not Genuine Income Tax Liabilities: Supreme Court sustains Delhi HC Order [Read Judgement]](https://images.taxscan.in/h-upload/2025/11/12/2104508-book-entries-unverified-bank-income-tax-liabilities-income-tax-taxscan.webp "Book Entries of Unverified Bank Overdrafts Not Genuine Income Tax Liabilities: Supreme Court sustains Delhi HC Order [Read Judgement]")
Buyer cannot be Denied CENVAT Credit if Supplier does not Avail Advance Authorisation Duty Exemption: CESTAT in Galaxy Surfactants’ Case [Read Order]
The Mumbai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) recently held that a buyer cannot be denied Central Value Added Tax (CENVAT) credit in a situation where the...
![Buyer cannot be Denied CENVAT Credit if Supplier does not Avail Advance Authorisation Duty Exemption: CESTAT in Galaxy Surfactants’ Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/2104394-cenvat-credit-taxscan.webp "Buyer cannot be Denied CENVAT Credit if Supplier does not Avail Advance Authorisation Duty Exemption: CESTAT in Galaxy Surfactants’ Case [Read Order]")