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.
![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]")
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...
![DGFT Notifies New SION C-2049 for Mobile Phone Components under “Engineering & Electronic Items” [Read Notice]](https://images.taxscan.in/h-upload/2025/10/11/250x150_2095759-dgft-new-sion-c-2049-sion-c-2049-mobile-phone-components-taxscan.webp "DGFT Notifies New SION C-2049 for Mobile Phone Components under “Engineering & Electronic Items” [Read Notice]")
MCA Hiring CA, CS and CMA: 145 Posts Open for Qualified and Semi-Qualified Young Professionals [Read Notice]
The Ministry ofCorporate Affairs (MCA) is inviting applications from Young Professionals (YP) and Assistant Young Professionals (AYP) that are affiliated with the Institute of Chartered Accountants...
![MCA Hiring CA, CS and CMA: 145 Posts Open for Qualified and Semi-Qualified Young Professionals [Read Notice]](https://images.taxscan.in/h-upload/2025/10/11/500x300_2095672-hiring.webp "MCA Hiring CA, CS and CMA: 145 Posts Open for Qualified and Semi-Qualified Young Professionals [Read Notice]")
ITC on VAT cannot be Denied to Registered Purchasers for Seller’s Failure to Deposit Tax with Govt: Supreme Court [Read Judgement]
The Supreme Court has held that Input Tax Credit (ITC) under the Delhi Value Added Tax Act, 2004 (DVAT Act) cannot be denied to registered purchasing dealers merely because the registered selling...
![ITC on VAT cannot be Denied to Registered Purchasers for Seller’s Failure to Deposit Tax with Govt: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2025/10/11/500x300_2095681-input-tax-credit.webp "ITC on VAT cannot be Denied to Registered Purchasers for Seller’s Failure to Deposit Tax with Govt: Supreme Court [Read Judgement]")
![President Extends Tenure of 16th Finance Commission by One Month [Read Notification]](https://images.taxscan.in/h-upload/2025/10/11/500x300_2095641-finance-commission-taxscan.webp "President Extends Tenure of 16th Finance Commission by One Month [Read Notification]")
NFRA Invites Retired Principal Secretaries and Senior Officials to Serve as Expert Consultants [Read Circular]
The National Financial Reporting Authority (NFRA) has invited applications from retired Principal Secretaries and senior government officials to serve as expert consultants to assist in the...
![NFRA Invites Retired Principal Secretaries and Senior Officials to Serve as Expert Consultants [Read Circular]](https://images.taxscan.in/h-upload/2025/10/11/500x300_2095560-nfra-audit-firms-handling-audits-multiple-listed-companies-taxscan.webp "NFRA Invites Retired Principal Secretaries and Senior Officials to Serve as Expert Consultants [Read Circular]")
RBI Amends FEMA Regulations to allow Exporters to Hold Foreign Currency Accounts in IFSCs [Read Notification]
The Reserve Bank of India has amended the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015, through the Foreign Exchange Management (Foreign...
![RBI Amends FEMA Regulations to allow Exporters to Hold Foreign Currency Accounts in IFSCs [Read Notification]](https://images.taxscan.in/h-upload/2025/10/10/500x300_2095454-rbi-fema-regulations-taxscan.webp "RBI Amends FEMA Regulations to allow Exporters to Hold Foreign Currency Accounts in IFSCs [Read Notification]")
RBI FEMA Amendment: Bhutan, Nepal & Sri Lanka Entities can now Borrow from Indian Authorised Dealer Banks [Read Notification]
The Reserve Bank ofIndia (RBI) has promulgated the Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2025 enabling Authorised Dealer (AD) Category-I Banks in India to lend...
![RBI FEMA Amendment: Bhutan, Nepal & Sri Lanka Entities can now Borrow from Indian Authorised Dealer Banks [Read Notification]](https://images.taxscan.in/h-upload/2025/10/10/500x300_2095463-flag.webp "RBI FEMA Amendment: Bhutan, Nepal & Sri Lanka Entities can now Borrow from Indian Authorised Dealer Banks [Read Notification]")