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.
![“Relevant Period” to be Applied Consistently while computing GST ITC, Turnover and Adjusted Turnover for Refund: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118246-madras-high-court-gst-itc-input-tax-credit-madras-hc-gst-refund-case-gst-refund-computation-taxscan.webp "“Relevant Period” to be Applied Consistently while computing GST ITC, Turnover and Adjusted Turnover for Refund: Madras HC [Read Order]")
“Relevant Period” to be Applied Consistently while computing GST ITC, Turnover and Adjusted Turnover for Refund: Madras HC [Read Order]
The Madras High Court recently clarified the meaning of “relevant period” for the refund formula under Rule 89(4) of the Central Goods and Service...
![Issuance of Summons u/s 70 CGST Act Cannot be Considered as Initiation of Proceedings: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/250x150_2118242-issuance-summons-70-cgst-act-initiation-proceedings-delhi-hc-taxscan.webp "Issuance of Summons u/s 70 CGST Act Cannot be Considered as Initiation of Proceedings: Delhi HC [Read Order]")
![Perverse Finding by CIT(A) from Same Documents before AO: Chhattisgarh HC sustains Deletion of ₹4.89 Cr Income Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/250x150_2118148-chhattisgarh-high-court-income-tax-addition-income-tax-case-income-tax-appeal-chhattisgarh-hc-income-tax-case-deletion-of-income-tax-addition-income-tax-appeal-high-court-taxscan-.webp "Perverse Finding by CIT(A) from Same Documents before AO: Chhattisgarh HC sustains Deletion of ₹4.89 Cr Income Tax Addition [Read Order]")
![DGFT Introduces Interest Subvention to Reduce Cost of Pre and Post-Shipment Export Credit for MSMEs [Read Notification]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117627-dgft-introduces-interest-subvention-reduce-cost-pre-post-shipment-export-credit-msmes-taxscan.webp "DGFT Introduces Interest Subvention to Reduce Cost of Pre and Post-Shipment Export Credit for MSMEs [Read Notification]")
![Revenue’s “No ITR Filed” Claim Backfires: Supreme Court sustains Deletion of Income Tax Addition made without Proof [Read Judgement]](https://images.taxscan.in/h-upload/2026/01/09/250x150_2117977-supreme-court-income-tax-ruling-taxscan.webp "Revenue’s “No ITR Filed” Claim Backfires: Supreme Court sustains Deletion of Income Tax Addition made without Proof [Read Judgement]")
![Boost for MSMEs: DGFT Introduces Collateral Support to Ease Access to Export Credit [Read Notification]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117560-boost-for-msme-taxscan.jfif "Boost for MSMEs: DGFT Introduces Collateral Support to Ease Access to Export Credit [Read Notification]")
Arrest Valid if “Grounds” and "Reasons to Believe” are Communicated to Arrested Person u/s 19 PMLA: Calcutta HC [Read Order]
The Calcutta High Court recently upheld the validity of an arrest made under Section 19 of the Prevention of Money Laundering Act, 2002 (PMLA), observing that such an arrest could not be rendered...
![Arrest Valid if “Grounds” and Reasons to Believe” are Communicated to Arrested Person u/s 19 PMLA: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/500x300_2117779-arrest-valid-grounds-reasons-believe-taxscan.webp "Arrest Valid if “Grounds” and Reasons to Believe” are Communicated to Arrested Person u/s 19 PMLA: Calcutta HC [Read Order]")
Land kept as Security can be Auctioned for Loan Default after giving 30 Days Time to clear Dues u/r 9(1) SARFAESI: J&K HC [Read Order]
The High Court ofJammu & Kashmir and Ladakh recently ruled that lender banks can auction off land mortgaged as security for a loan under the provisions of the Securitisation and Reconstruction...
![Land kept as Security can be Auctioned for Loan Default after giving 30 Days Time to clear Dues u/r 9(1) SARFAESI: J&K HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117508-land-kept-security-can-auctioned-loan-default-after-giving-30-days-time-clear-dues-ur-91-sarfaesi-jk-hc-taxscan.webp "Land kept as Security can be Auctioned for Loan Default after giving 30 Days Time to clear Dues u/r 9(1) SARFAESI: J&K HC [Read Order]")
![DGFT Removes Import Restrictions on Low Ash Metallurgical Coke Import [Read Notification]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117506-dgft-removes-import-restrictions-low-ash-metallurgical-coke-import.webp "DGFT Removes Import Restrictions on Low Ash Metallurgical Coke Import [Read Notification]")
Supreme Court dismisses Revenue’s Plea on Income Tax Addition from Sale of Penny Stock Shares for 154-Day Delay [Read Order]
The Supreme Court of India recently dismissed a Special Leave Petition (SLP) instituted by the Principal Commissioner of Income Tax, noting that the case which pertained to additions on the basis of...
![Supreme Court dismisses Revenue’s Plea on Income Tax Addition from Sale of Penny Stock Shares for 154-Day Delay [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117584-supreme-court-dismisses-revenues-plea-income-tax-addition.webp "Supreme Court dismisses Revenue’s Plea on Income Tax Addition from Sale of Penny Stock Shares for 154-Day Delay [Read Order]")
No Reopening of Settled Issues: Delhi HC Bars Plea against RBI in Property Loan Dispute with Revoked ATS and PoA [Read Order]
The Delhi High Court recently dismissed a Letters Patent Appeal pertaining to a loan dispute, noting that issues that had been already conclusively settled through earlier civil proceedings cannot be...
![No Reopening of Settled Issues: Delhi HC Bars Plea against RBI in Property Loan Dispute with Revoked ATS and PoA [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117494-no-reopening-settled-issues-delhi-hc-bars-plea-against-rbi-property-loan.webp "No Reopening of Settled Issues: Delhi HC Bars Plea against RBI in Property Loan Dispute with Revoked ATS and PoA [Read Order]")