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.
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...
![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/2025/11/06/2102651-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]](https://images.taxscan.in/h-upload/2025/11/06/2102655-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]](https://images.taxscan.in/h-upload/2025/11/05/2102526-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]](https://images.taxscan.in/h-upload/2025/11/05/2102622-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]")
Relief to NHAI: ITAT Quashes Income Tax Penalty beyond 6 Months as Time-Barred & Unsustainable after Deletion of Quantum Addition [Read Order]
The Lucknow Bench “A” of the Income Tax Appellate Tribunal (ITAT) recently granted relief to the National Highways Authority of India (NHAI) by quashing a penalty of ₹10,61,318 imposed under...
![Relief to NHAI: ITAT Quashes Income Tax Penalty beyond 6 Months as Time-Barred & Unsustainable after Deletion of Quantum Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/2101992-itat-lucknow-nhai-relief-to-nhai-income-tax-penalty-taxscan.webp "Relief to NHAI: ITAT Quashes Income Tax Penalty beyond 6 Months as Time-Barred & Unsustainable after Deletion of Quantum Addition [Read Order]")
Customs Wrongly Encashed Bank Guarantee during Appeal Pendency: CESTAT Directs Refund, Rejects Limitation Claim [Read Order]
The Mumbai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) recently directed the Customs department to refund a bank guarantee that was encashed by them during the...
![Customs Wrongly Encashed Bank Guarantee during Appeal Pendency: CESTAT Directs Refund, Rejects Limitation Claim [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/2102001-customs-encashed-bank-guarantee-appeal-pendency-cestat-refund-taxscan.webp "Customs Wrongly Encashed Bank Guarantee during Appeal Pendency: CESTAT Directs Refund, Rejects Limitation Claim [Read Order]")
CAT Slaps ₹20,000 Cost on CBIC Chairman for Non-Compliance & Non-Appearance Despite Tribunal Order [Read Order]
The Cuttack Bench of the Central Administrative Tribunal (CAT) recently imposed a cost of ₹20,000 on Sanjay Kumar Agarwal, Chairman of the Central Board of Indirect Taxes and Customs (CBIC) for...
![CAT Slaps ₹20,000 Cost on CBIC Chairman for Non-Compliance & Non-Appearance Despite Tribunal Order [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/2101884-cbic-cat-slaps-20000-cost-cbic-chairman-taxscan.webp "CAT Slaps ₹20,000 Cost on CBIC Chairman for Non-Compliance & Non-Appearance Despite Tribunal Order [Read Order]")
No Service Tax on Reimbursement of Electricity Charges Collected on Actual Consumption Basis: CESTAT [Read Order]
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that reimbursement of electricity charges collected from occupiers on the basis of actual consumption...
![No Service Tax on Reimbursement of Electricity Charges Collected on Actual Consumption Basis: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/2101917-no-service-tax-reimbursement-electricity-charges-actual-consumption-basis-cestat-taxscan.webp "No Service Tax on Reimbursement of Electricity Charges Collected on Actual Consumption Basis: CESTAT [Read Order]")
999-Year Lease not “Renting of Immovable Property” but Permanent Transfer: CESTAT Holds No Service Tax on One-Time Premium [Read Order]
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) recently held that amounts that are received as a one-time premium for transfer of leasehold rights for 999...
![999-Year Lease not “Renting of Immovable Property” but Permanent Transfer: CESTAT Holds No Service Tax on One-Time Premium [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/2101905-lease-renting-of-immovable-property-cestat-service-tax-taxscan.webp "999-Year Lease not “Renting of Immovable Property” but Permanent Transfer: CESTAT Holds No Service Tax on One-Time Premium [Read Order]")