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.
![Jane Street deposits ₹4,843 Crores to Escrow Account with SEBI Lien in Alleged BANKNIFTY Manipulation Case [Read Press Release]](https://images.taxscan.in/h-upload/2025/07/14/500x300_2063718-jane-street-sebi.webp "Jane Street deposits ₹4,843 Crores to Escrow Account with SEBI Lien in Alleged BANKNIFTY Manipulation Case [Read Press Release]")
Jane Street deposits ₹4,843 Crores to Escrow Account with SEBI Lien in Alleged BANKNIFTY Manipulation Case [Read Press Release]
The Securities andExchange Board of India (SEBI) has issued an update on the Jane Street market manipulation issue involving a ginormous ₹36,500...
![GST Registration Cancelled Due to 6-Month Default in GSTR-3B Filing: Orissa HC Quashes Rejection of Revocation Application [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/250x150_2062876-gst-registration-cancelled-gstr-3b-filing-orissa-hc-revocation-application-taxscan.webp "GST Registration Cancelled Due to 6-Month Default in GSTR-3B Filing: Orissa HC Quashes Rejection of Revocation Application [Read Order]")
![Income Tax Dept. has no Material to Prove Existence of Order under “View Notices and Orders” on Portal: Allahabad HC Allows Assessee to Treat SCN as Final Notice [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/250x150_2062828-scn-as-final-notice.webp "Income Tax Dept. has no Material to Prove Existence of Order under “View Notices and Orders” on Portal: Allahabad HC Allows Assessee to Treat SCN as Final Notice [Read Order]")
![₹24 Lakh Tax, Penalty and Interest against Notice Demanding ₹4 Lakh: Allahabad HC quashes GST Order Demand in Excess of Amount in Notice [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/250x150_2062686-penalty-and-interest-penalty-interest-penalty-and-interest-against-notice-demanding-allahabad-hc-taxscan.webp "₹24 Lakh Tax, Penalty and Interest against Notice Demanding ₹4 Lakh: Allahabad HC quashes GST Order Demand in Excess of Amount in Notice [Read Order]")
Supply of Computer Hardware on Hire is ‘Transfer of Right to Use’, Not ‘Supply of Tangible Goods’: Calcutta HC Quashes Service Tax Demand [Read Order]
The Calcutta HighCourt recently clarified that the supply of computer hardware on hire amounts to a ‘transfer of right to use’ and does not not constitute the service of ‘supply of tangible goods’. ...
![Supply of Computer Hardware on Hire is ‘Transfer of Right to Use’, Not ‘Supply of Tangible Goods’: Calcutta HC Quashes Service Tax Demand [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062413-service-tax-demand.webp "Supply of Computer Hardware on Hire is ‘Transfer of Right to Use’, Not ‘Supply of Tangible Goods’: Calcutta HC Quashes Service Tax Demand [Read Order]")
Revenue cannot ‘Negatively Block’ Tax beyond Extent of GST ITC available in E-Ledger: Supreme Court declines to Interfere with Delhi HC Ruling [Read Order]
The Supreme Court recently reaffirmed a key principle within the Goods and Services Tax (GST) law, refusing to interfere with a Delhi High Court judgment that prohibited the “negative blocking” of...
![Revenue cannot ‘Negatively Block’ Tax beyond Extent of GST ITC available in E-Ledger: Supreme Court declines to Interfere with Delhi HC Ruling [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062356-gst-itc-input-tax-credit-e-ledger-supreme-court-taxscan.webp "Revenue cannot ‘Negatively Block’ Tax beyond Extent of GST ITC available in E-Ledger: Supreme Court declines to Interfere with Delhi HC Ruling [Read Order]")
From India to the World: UPI goes Global as Namibia Becomes First Foreign Country to Sign Licensing Agreement
India’s Unified Payments Interface ( UPI ) has made big leaps onto the global stage, with Namibia becoming the first foreign country to formally adopt the revolutionary digital payment technology. ...
Imposition of Penalty though GST Paid: Madras HC Dismisses Petition and Allows 15 Days to File Appeal Despite Lapse of Limitation [Read Order]
The Madurai Bench of the Madras High Court was recently met with a case regarding the imposition of penalty on a petitioner who claimed to have paid the requisite Goods and Services Tax (GST) due. ...
![Imposition of Penalty though GST Paid: Madras HC Dismisses Petition and Allows 15 Days to File Appeal Despite Lapse of Limitation [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/500x300_2061821-penalty-hc-taxscan.webp "Imposition of Penalty though GST Paid: Madras HC Dismisses Petition and Allows 15 Days to File Appeal Despite Lapse of Limitation [Read Order]")
ED Releases ₹3.8 Crore to Karnataka State Wakf Board on Sessions Court Directive to Restore Proceeds of Crime to Money Laundering Victims
The Directorate of Enforcement (ED) has facilitated the release of ₹3,82,74,444 to the Karnataka State Wakf Board upon the directive of the Additional Sessions Judge, Bengaluru City ( Special Court...
