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.
FM Nirmala Sitharaman Tables Economic Survey 2025 at 12 PM
The Ministry of Finance of the Government of India has presented the Economic Survey 2024-25. The Economic Survey has been tabled by Union Finance...
![₹44 Lakh Difference in Agricultural Income Calculation: ITAT calls on Income Tax Department to examine Assessee’s Generation Operations [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ruling-Agricultural-Income-Generation-Operations-Tax-Classification-Discrepancy-Income-Tax-Department-Income-Calculation-taxscan.jpg "₹44 Lakh Difference in Agricultural Income Calculation: ITAT calls on Income Tax Department to examine Assessee’s Generation Operations [Read Order]")
![GST DRC-07 w/o DIN: Andhra Pradesh HC quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/GST-DRC07-DIN-Andhra-Pradesh-HC-Order-TAXSCAN.jpg "GST DRC-07 w/o DIN: Andhra Pradesh HC quashes Order [Read Order]")
GST Evasion by Transporting Gold Jewellery citing Display at Exhibition: Madras HC upholds Confiscation Notice [Read Order]
The Madras High Court recently upheld the confiscation of Gold Jewellery claimed by a jeweller to be transported from Mumbai to Tamil Nadu for the purpose of displaying at exhibitions and to...
![GST Evasion by Transporting Gold Jewellery citing Display at Exhibition: Madras HC upholds Confiscation Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/GST-Evasion-Transporting-Gold-Jewellery-Display-Exhibition-Madras-HC-Confiscation-Notice-TAXSCAN.jpg "GST Evasion by Transporting Gold Jewellery citing Display at Exhibition: Madras HC upholds Confiscation Notice [Read Order]")
Bt Cotton Farmer contests ₹3.3 Crore Disallowance on Income Tax: ITAT directs CIT(A) to conduct Fresh Adjudication [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) recently remitted an Income Tax matter filed by a Bacillus Thuringiensis (Bt) Cotton farmer contesting an Income Tax disallowance of a...
![Bt Cotton Farmer contests ₹3.3 Crore Disallowance on Income Tax: ITAT directs CIT(A) to conduct Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Fresh-Adjudication-Income-Tax-Appellate-Tribunal-Income-Tax-CITA-taxscan-1.jpg "Bt Cotton Farmer contests ₹3.3 Crore Disallowance on Income Tax: ITAT directs CIT(A) to conduct Fresh Adjudication [Read Order]")
ITAT slaps ₹10,000 Cost on Assessee for Failure to Justify Non-Compliance in Appellate Stage while remitting ex-parte NFAC Order [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) recently delivered a bittersweet decision for an Appellant, slapping a cost of ₹10,000 on the Assessee for not adequately...
![ITAT slaps ₹10,000 Cost on Assessee for Failure to Justify Non-Compliance in Appellate Stage while remitting ex-parte NFAC Order [Read Order]](https://images.taxscan.in/h-upload/2025/06/03/500x300_2041105-itat-ahmedabad-income-tax-income-tax-news-itat-slaps-10000-cost-on-assessee-taxscan.webp "ITAT slaps ₹10,000 Cost on Assessee for Failure to Justify Non-Compliance in Appellate Stage while remitting ex-parte NFAC Order [Read Order]")
Supreme Court Directs RBI to Standardize Modus and Costs for Property Title Search Report and Loan Sanctioning Officers’ Liability [Read Judgement]
The Supreme Court of India, in a landmark judgment, directed the Reserve Bank of India (RBI) to formulate a standardized framework for property title search reports and establish clear accountability...
DRT limited to Adjudicating Recovery u/s 13(4) of SARFAESI, cannot decide on Property Ownership or Validity of Sale/Mortgage: Supreme Court [Read Judgement]
The Supreme Court of India recently delivered a pivotal judgment affirming that the scope of jurisdiction exercisable by the Debt Recovery Tribunal (DRT) is limited to the adjudication of recovery...
![DRT limited to Adjudicating Recovery u/s 13(4) of SARFAESI, cannot decide on Property Ownership or Validity of Sale/Mortgage: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/01/Supreme-Court-DRT-limited-Section-134-of-SARFAESI-Property-Ownership-Taxscan.jpg "DRT limited to Adjudicating Recovery u/s 13(4) of SARFAESI, cannot decide on Property Ownership or Validity of Sale/Mortgage: Supreme Court [Read Judgement]")
DGFT eCoO System Revision: Back-to-Back Certificates of Origin on Non-Indian Goods for Re-Export, Trans-Shipment and Merchant Trade
The Directorate General of Foreign Trade ( DGFT ) has issued a Public Notice on the 27th of January, 2025 proposing amendments to Paragraph 2.91 and 2.93 of the Handbook of Procedures 2023, with a...
Supreme Court quashes FIR against Ex-Excise Commissioner on Disproportionate Assets held from 1996 to 2020, Observes Change in Economy [Read Judgement]
In a recent judgment, the Supreme Court of India recently quashed a First Information Report ( FIR ) lodged against a former Excise Commissioner accused of possessing disproportionate assets from...
![Supreme Court quashes FIR against Ex-Excise Commissioner on Disproportionate Assets held from 1996 to 2020, Observes Change in Economy [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/01/Supreme-Court-Supreme-Court-of-India-FIR-against-Ex-Excise-Commissioner-Change-in-Economy-taxscan.jpg "Supreme Court quashes FIR against Ex-Excise Commissioner on Disproportionate Assets held from 1996 to 2020, Observes Change in Economy [Read Judgement]")