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.
UPI Breaks Records To Overtake VISA As World’s Top Real-Time Payment System: 650 Million Daily Transactions
India’s Unified Payments Interface (UPI) has officially surpassed American payments aggregator Visa Inc. to become the world’s largest real-time...
![Factual Dispute Whether Appellant Reversed Wrongfully Availed GST ITC: Calcutta HC remands for Appellate Readjudication [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/250x150_2064328-gst-itc-calcutta-high-court-taxscan.webp "Factual Dispute Whether Appellant Reversed Wrongfully Availed GST ITC: Calcutta HC remands for Appellate Readjudication [Read Order]")
![Merely Quoting Section and Alleging Fraud, Wilful Misstatement or Suppression of Facts in SCN not Enough to Cancel GST Registration: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/250x150_2064308-scn-gst-taxscan.webp "Merely Quoting Section and Alleging Fraud, Wilful Misstatement or Suppression of Facts in SCN not Enough to Cancel GST Registration: Bombay HC [Read Order]")
DRI Busts Mumbai Woman Smuggling 6 Kg Cocaine worth ₹62 Crore in Oreo Biscuit Boxes on Flight from Doha
The Directorate of Revenue Intelligence (DRI) on July 15, 2025 arrested a woman at Mumbai’s Chhatrapati Shivaji Maharaj International Airport after intercepting a consignment of cocaine valued at...
Single Judge Refused Interim Relief Due to Dept.’s Delay in Filing Affidavit: Calcutta HC Division Bench Grants 3-Week Extension in Income Tax Case [Read Order]
A Division Bench of the Calcutta High Court recently granted a three-week extension to the Income Tax Department for filing its affidavit in opposition in an ongoing writ petition after the...
![Single Judge Refused Interim Relief Due to Dept.’s Delay in Filing Affidavit: Calcutta HC Division Bench Grants 3-Week Extension in Income Tax Case [Read Order]](https://images.taxscan.in/h-upload/2025/07/15/500x300_2064121-single-judge-refused-interim-relief-interim-relief-interim-relief-due-to-depts-delay-taxscan.webp "Single Judge Refused Interim Relief Due to Dept.’s Delay in Filing Affidavit: Calcutta HC Division Bench Grants 3-Week Extension in Income Tax Case [Read Order]")
Customs Cannot Detain Personal Jewellery just because it is 24K Gold: Delhi HC orders Return of ₹6L Worth Gold Bangles to Umrah Returnee [Read Order]
The Delhi High Court recently chided the Customs Department, remarking that the customs authorities cannot detain personal jewellery solely on the ground that it is made of 24 carat gold, while...
![Customs Cannot Detain Personal Jewellery just because it is 24K Gold: Delhi HC orders Return of ₹6L Worth Gold Bangles to Umrah Returnee [Read Order]](https://images.taxscan.in/h-upload/2025/07/15/500x300_2064084-customs-customs-cannot-detain-personal-jewellery-personal-jewellery-taxscan.webp "Customs Cannot Detain Personal Jewellery just because it is 24K Gold: Delhi HC orders Return of ₹6L Worth Gold Bangles to Umrah Returnee [Read Order]")
40K Taxpayers Withdraw ₹1,045 Crore in Bogus ITR Deductions & Exemptions as Income Tax Department Strengthens Crackdown
The Central Board of Direct Taxes (CBDT) has doubled down on its nationwide campaign against taxpayers who had fraudulently claimed bogus exemptions and deductions in their Income Tax Returns. ...
Deduction Claim on Unpaid Ad-hoc Bonus from AY 1984-85: Bombay HC Quashes ₹12L Income Tax Penalty from 2002 ITAT Order citing Plausibility [Read Order]
The Bombay High Court recently set aside a penalty of ₹12,82,700 imposed on Carona Limited, noting that merely claiming deduction on unpaid ad-hoc bonus could not attract penalty under Section...
![Deduction Claim on Unpaid Ad-hoc Bonus from AY 1984-85: Bombay HC Quashes ₹12L Income Tax Penalty from 2002 ITAT Order citing Plausibility [Read Order]](https://images.taxscan.in/h-upload/2025/07/14/500x300_2063729-deduction-deduction-claim-deduction-claim-on-unpaid-ad-hoc-bonus-ad-hoc-bonus-taxscan.webp "Deduction Claim on Unpaid Ad-hoc Bonus from AY 1984-85: Bombay HC Quashes ₹12L Income Tax Penalty from 2002 ITAT Order citing Plausibility [Read Order]")
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 crore. Consequent to the proceedings and an interim...
![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]")
GST Registration Cancelled Due to 6-Month Default in GSTR-3B Filing: Orissa HC Quashes Rejection of Revocation Application [Read Order]
In a recent decision, the Orissa High Court set aside an order rejecting the application for revoking the cancellation of the Goods and Services Tax (GST) registration of a taxpayer who defaulted...
![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/2025/07/11/500x300_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]")