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.
![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]")
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...
![Non-Prosecution not Grounds to Dismiss Income Tax Appeal: ITAT Quashes Ex-Parte CIT(A) Order [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/250x150_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]](https://images.taxscan.in/h-upload/2025/10/15/250x150_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]")
ED Probes Shree Ganesh Jewellery House for ₹2,672 Cr Loan Fraud: 25-Bank Consortium Cheated [Read Press Release]
The Enforcement Directorate (ED) has initiated a probe into the Kolkata-based Jewellery Shree Ganesh Jewellery House (I) Ltd. and its promoters for allegedly defrauding a consortium of 25 banks to...
![ED Probes Shree Ganesh Jewellery House for ₹2,672 Cr Loan Fraud: 25-Bank Consortium Cheated [Read Press Release]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096566-shree-ganesh-jewellery-house-ed-loan-fraud-bank-consortium-taxscan.webp "ED Probes Shree Ganesh Jewellery House for ₹2,672 Cr Loan Fraud: 25-Bank Consortium Cheated [Read Press Release]")
Long-Time Retention of Cash in Hand from Declared Sources not Grounds for Doubts: ITAT Deletes Income Tax Addition [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) recently clarified that mere retention of cash in hand for a long time, where the source is explained and documented does not, by itself,...
![Long-Time Retention of Cash in Hand from Declared Sources not Grounds for Doubts: ITAT Deletes Income Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096305-cash-in-hand-itat-income-tax-addition-taxscan.webp "Long-Time Retention of Cash in Hand from Declared Sources not Grounds for Doubts: ITAT Deletes Income Tax Addition [Read Order]")
Ministry of Education calls for Adoption of UPI and Digital Payments in Schools for Admission & Exam Fees
The Department of School Education and Literacy under the Ministry of Education has written to States, Union Territories and autonomous bodies under the Ministry urging adoption of the Unified...
![DGFT Notifies New SION C-2049 for Mobile Phone Components under “Engineering & Electronic Items” [Read Notice]](https://images.taxscan.in/h-upload/2025/10/11/500x300_2095759-dgft-new-sion-c-2049-sion-c-2049-mobile-phone-components-taxscan.webp "DGFT Notifies New SION C-2049 for Mobile Phone Components under “Engineering & Electronic Items” [Read Notice]")
