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.
ICSI Announces eCSin Amnesty Scheme 2025: Generate, Update and Revoke eCSin without Disciplinary Proceedings
The Institute of Company Secretaries of India (ICSI) has recently announced the launch of the 2025 iteration of the eCSin Amnesty Scheme 2025. The...
![Supreme Court Probes Customs Officer’s Locus Standi to file PIL against Abhishek Banerjee’s Wife on 2019 Incident [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/04/suprem-court.jpg "Supreme Court Probes Customs Officer’s Locus Standi to file PIL against Abhishek Banerjee’s Wife on 2019 Incident [Read Judgement]")
![Anil Ambani Withdraws Urgent Hearing Petition in Income Tax Case after Bombay HC Slaps ₹25K Cost for creating ‘Artificial Urgency’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Anil-Ambani-case-Bombay-High-Court-Income-tax-notice-taxscan.jpg "Anil Ambani Withdraws Urgent Hearing Petition in Income Tax Case after Bombay HC Slaps ₹25K Cost for creating ‘Artificial Urgency’ [Read Order]")
FM Nirmala Sitharaman Clarifies No Fee is Chargeable by Financial Institutions for Updating/Modifying Details in PPF Accounts
Finance Minister Nirmala Sitharaman has confirmed that financial institutions will no longer charge any fee for updating or modifying nominee details in Public Provident Fund (PPF) accounts. The...
Creditor Not Required to Prove Financial Capacity to Extend Loan: Supreme Court Slaps ₹32 Lakh Fine on Defaulter in S.138 NI Act Case [Read Order]
In a notable ruling, the Supreme Court of India has held that a creditor is not required to prove their financial capacity at the outset to establish a legally enforceable debt under Section 138 of...
![Creditor Not Required to Prove Financial Capacity to Extend Loan: Supreme Court Slaps ₹32 Lakh Fine on Defaulter in S.138 NI Act Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Creditor-Not-Required-Prove-Financial-Capacity-Financial-Capacity-Financial-Capacity-to-Extend-Loan-Extend-Loan-Supreme-Court-taxscan.jpg "Creditor Not Required to Prove Financial Capacity to Extend Loan: Supreme Court Slaps ₹32 Lakh Fine on Defaulter in S.138 NI Act Case [Read Order]")
No Imposition of 5% GST w/o ITC on Food Delivery Apps like Zomato & Swiggy: MoS for Finance Clarifies
The central government has clarified that it is not imposing a new 5% Goods and Services Tax (GST) without input tax credit (ITC) on food delivery platforms such as Zomato and Swiggy. This statement...
Supreme Court Ends 50-Year Dispute on CA Firm’s Undervaluation of Shares: Grants 6% Simple Interest from 1975 and 9% Interest Post-Decree [Read Judgment]
The Supreme Court of india recently resolved a nearly five-decade old dispute regarding the undervaluation of the share price of a Chartered Accountancy (CA) firm, ordering the levy of 6% interest...
![Supreme Court Ends 50-Year Dispute on CA Firm’s Undervaluation of Shares: Grants 6% Simple Interest from 1975 and 9% Interest Post-Decree [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2025/04/Supreme-Court-CA-firm-share-valuation-dispute-TAXSCAN.jpg "Supreme Court Ends 50-Year Dispute on CA Firm’s Undervaluation of Shares: Grants 6% Simple Interest from 1975 and 9% Interest Post-Decree [Read Judgment]")
Lack of Corroborative Evidence for Criminal Conspiracy and Bribery: Delhi HC quashes FIR against CA [Read Order]
The Delhi High Court recently quashed a First Information Report (FIR) registered against Chartered Accountant (CA), who was working as a financial consultant for Prakash Industries Ltd. (PIL), upon...
No S.263 Notice after Resolution Plan Approval on Extinguishment of Corporate Debtor’s Tax Liabilities: Gujarat HC [Read Order]
The Gujarat High Court recently ruled that the Principal Commissioner of Income Tax (PCIT) could not issue a notice under Section 263 of the Income Tax Act, 1961 to revise the assessment order of an...
![No S.263 Notice after Resolution Plan Approval on Extinguishment of Corporate Debtor’s Tax Liabilities: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ujarat-HC-Tax-Ruling-S.263-Notice-IBC-Corporate-Debtor-Tax-Relief-taxscan-.jpg "No S.263 Notice after Resolution Plan Approval on Extinguishment of Corporate Debtor’s Tax Liabilities: Gujarat HC [Read Order]")
Delhi HC directs Customs to Sensitize Officials on Detention of Personal Gold and Old Jewellery of Air Travellers [Read Order]
The Delhi High Court, while adjudicating a recent matter, directed the Customs Department to sensitize its officials and implement immediate measures to prevent the unlawful detention of personal...
![Delhi HC directs Customs to Sensitize Officials on Detention of Personal Gold and Old Jewellery of Air Travellers [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Delhi-HC-Customs-to-Sensitize-Officials-Detention-of-Personal-Gold-Old-Jewellery-of-Air-Travellers-taxscan.jpg "Delhi HC directs Customs to Sensitize Officials on Detention of Personal Gold and Old Jewellery of Air Travellers [Read Order]")