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.
![IREO MD Lalit Goyal Already Went to US and Returned: Punjab & Haryana HC Dismisses ED’s PMLA Travel-Ban Petition as Infructuous [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/2080691-ireo-md-lalit-goyal-ireo-ireo-md-lalit-goyal-already-went-to-us-and-returned-taxscan.webp "IREO MD Lalit Goyal Already Went to US and Returned: Punjab & Haryana HC Dismisses ED’s PMLA Travel-Ban Petition as Infructuous [Read Order]")
IREO MD Lalit Goyal Already Went to US and Returned: Punjab & Haryana HC Dismisses ED’s PMLA Travel-Ban Petition as Infructuous [Read Order]
The Punjab and Haryana High Court recently dismissed as infructuous a petition filed by the Enforcement Directorate (ED) seeking to prevent...
![Co-op Society Seeks Unblocking/Defreezing of Fixed Deposits to Pay Income Tax Dues: Uttarakhand HC Leaves Decision to Registrar [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/2080657-uttarakhand-hc-on-cooperative-society-fds-taxscan.webp "Co-op Society Seeks Unblocking/Defreezing of Fixed Deposits to Pay Income Tax Dues: Uttarakhand HC Leaves Decision to Registrar [Read Order]")
![Disallowance of ₹1.87 Crore MAT Credit in Schindler India’s Return of Income: ITAT Remands matter to AO to Verify & Allow Necessary Credit [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/2080578-2060606-itat-ruling-income-tax-tribunal-tax-disallowance-taxscan.webp "Disallowance of ₹1.87 Crore MAT Credit in Schindler India’s Return of Income: ITAT Remands matter to AO to Verify & Allow Necessary Credit [Read Order]")
![ITAT Permits Schindler India to Exclude ₹1.09 Crore Written-Off from Book Profits noting it was Actual Bad Debt [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/2080585-itat-itat-mumbai-bad-debt-bad-debt-schindler-india-taxscan.webp "ITAT Permits Schindler India to Exclude ₹1.09 Crore Written-Off from Book Profits noting it was Actual Bad Debt [Read Order]")
![₹26 Lakh Shortfall in Permitted TDS: ITAT Directs AO to Allow Full Claim to Schindler India after Verifying Form 26AS [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/2080577-schindler-india.webp "₹26 Lakh Shortfall in Permitted TDS: ITAT Directs AO to Allow Full Claim to Schindler India after Verifying Form 26AS [Read Order]")
LIC to continue as Public Shareholder during Privatization of IDBI Bank: SEBI Gives Nod Subject to Restrictions
The Securities and Exchange Board of India (SEBI) has approved the reclassification of Life Insurance Corporation of India (LIC) as a public shareholder in IDBI Bank, paving the way for the...
Abuse of Dominant Position by Tying Sale of Additional Fertilizers with Urea in Maharashtra: CCI Orders Probe into RCFL [Read Order]
The Competition Commission of India (CCI) has directed an investigation into Rashtriya Chemicals and Fertilizers Limited (RCFL) on allegations of abusing its dominant position in the...
![Abuse of Dominant Position by Tying Sale of Additional Fertilizers with Urea in Maharashtra: CCI Orders Probe into RCFL [Read Order]](https://images.taxscan.in/h-upload/2025/08/20/2078517-rcfl-1.webp "Abuse of Dominant Position by Tying Sale of Additional Fertilizers with Urea in Maharashtra: CCI Orders Probe into RCFL [Read Order]")
SEBI Extends Implementation Timeline for Margin Pledge/Re-Pledge Framework Following CDSL & NSDL Representations [Read Circular]
The Securities and Exchange Board of India (SEBI) has extended the timeline for the implementation of ‘margin obligations to be fulfilled through the pledge and re-pledge mechanism in the depository...
![SEBI Extends Implementation Timeline for Margin Pledge/Re-Pledge Framework Following CDSL & NSDL Representations [Read Circular]](https://images.taxscan.in/h-upload/2025/08/19/2078245-sebi-cdsl-nsdl-representations-taxscan.webp "SEBI Extends Implementation Timeline for Margin Pledge/Re-Pledge Framework Following CDSL & NSDL Representations [Read Circular]")
NCLT Admits IBC Plea against Palchan Bhang Power for Default in Repaying ₹5.7 Cr over 10-Year Interest-Free Period [Read Order]
The Chandigarh Bench of the National Company Law Tribunal recently admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Palchan Bhang Power Private Limited...
![NCLT Admits IBC Plea against Palchan Bhang Power for Default in Repaying ₹5.7 Cr over 10-Year Interest-Free Period [Read Order]](https://images.taxscan.in/h-upload/2025/08/18/2077865-nclt-ibc-palchan-bhang-power-taxscan.webp "NCLT Admits IBC Plea against Palchan Bhang Power for Default in Repaying ₹5.7 Cr over 10-Year Interest-Free Period [Read Order]")
Severe Staff Shortage at CBIC & CBDT: Tax Reforms Hampered by Nearly 59,000 Vacant Posts in Revenue Dept
The Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) are reportedly struggling with a severe shortage of qualified and eligible staff to implement the...
