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.
Smaller PSU Banks to Merge with SBI, Bank of Baroda and Punjab National Bank by FY 2027
Recent reports indicate that the Union Government is preparing to consolidate public sector banks (PSBs) by merging smaller state-owned lenders such...
DGFT Amends Bovine Meat Export Policy: Mandates Proof of Remittance to Development Fund [Read Notification]
The Directorate General of Foreign Trade (DGFT), functioning under the Ministry of Commerce and Industry has released a notification amending the export policy for meat and meat products, now...
![DGFT Amends Bovine Meat Export Policy: Mandates Proof of Remittance to Development Fund [Read Notification]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096964-bovine-meat-taxscan.webp "DGFT Amends Bovine Meat Export Policy: Mandates Proof of Remittance to Development Fund [Read Notification]")
“GST Officer Asked Me to Visit Office After Field Inspection”: Redditors Condemn Bribe Culture in Registration
A Redditor recently recounted his experience dealing with an officer of the Goods and Services Tax (GST) department who had conducted a field inspection, following the redditor’s request to attain GST...
ITAT Sustains 8% Gross Profit Estimation on Unaccounted Sales due to Non-Cooperation by Assessee [Read Order]
The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) recently upheld an estimation of 8% gross profit (GP) on unaccounted sales after noting that the assessee had failed to cooperate and...
![ITAT Sustains 8% Gross Profit Estimation on Unaccounted Sales due to Non-Cooperation by Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_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...
