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.
ECI Tightens Vigil on Use of Money Power in Bihar Elections: ED, Income Tax, CGST, Customs & RBI to Intensify Measures
The Election Commission of India (ECI) has directed multiple central enforcement and financial intelligence agencies including the Enforcement...
![DGFT Amends Bovine Meat Export Policy: Mandates Proof of Remittance to Development Fund [Read Notification]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096964-bovine-meat-taxscan.webp "DGFT Amends Bovine Meat Export Policy: Mandates Proof of Remittance to Development Fund [Read Notification]")
![ITAT Sustains 8% Gross Profit Estimation on Unaccounted Sales due to Non-Cooperation by Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096792-gross-profit-estimation-taxscan.webp "ITAT Sustains 8% Gross Profit Estimation on Unaccounted Sales due to Non-Cooperation by Assessee [Read Order]")
![Non-Prosecution not Grounds to Dismiss Income Tax Appeal: ITAT Quashes Ex-Parte CIT(A) Order [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096780-income-tax-appeal-itat-quashes-taxscan.webp "Non-Prosecution not Grounds to Dismiss Income Tax Appeal: ITAT Quashes Ex-Parte CIT(A) Order [Read Order]")
ITAT Partly Remands ₹3.25 Cr Share Premium Addition u/s 68 to Verify Claim of Double Taxation [Read Order]
The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed an appeal, remanding the adjudication of an income tax addition of ₹3,25,00,000 under Section 68 of the Income Tax Act,...
![ITAT Partly Remands ₹3.25 Cr Share Premium Addition u/s 68 to Verify Claim of Double Taxation [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096781-double-taxation-taxscan.webp "ITAT Partly Remands ₹3.25 Cr Share Premium Addition u/s 68 to Verify Claim of Double Taxation [Read Order]")
MCA21 V3 Portal Glitches: ICSI Urges MCA to Extend Filing Deadlines & Waive Additional Fee for Sept–Dec Forms
The Institute of Company Secretaries of India (ICSI) has formally urged the Ministry of Corporate Affairs (MCA) to extend annual filing deadlines and waive additional fees for forms affected by...
ED Probes Shree Ganesh Jewellery House for ₹2,672 Cr Loan Fraud: 25-Bank Consortium Cheated [Read Press Release]
The Enforcement Directorate (ED) has initiated a probe into the Kolkata-based Jewellery Shree Ganesh Jewellery House (I) Ltd. and its promoters for allegedly defrauding a consortium of 25 banks to...
![ED Probes Shree Ganesh Jewellery House for ₹2,672 Cr Loan Fraud: 25-Bank Consortium Cheated [Read Press Release]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096566-shree-ganesh-jewellery-house-ed-loan-fraud-bank-consortium-taxscan.webp "ED Probes Shree Ganesh Jewellery House for ₹2,672 Cr Loan Fraud: 25-Bank Consortium Cheated [Read Press Release]")
Long-Time Retention of Cash in Hand from Declared Sources not Grounds for Doubts: ITAT Deletes Income Tax Addition [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) recently clarified that mere retention of cash in hand for a long time, where the source is explained and documented does not, by itself,...
![Long-Time Retention of Cash in Hand from Declared Sources not Grounds for Doubts: ITAT Deletes Income Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096305-cash-in-hand-itat-income-tax-addition-taxscan.webp "Long-Time Retention of Cash in Hand from Declared Sources not Grounds for Doubts: ITAT Deletes Income Tax Addition [Read Order]")