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.
![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]")
DGFT Notifies New SION C-2049 for Mobile Phone Components under “Engineering & Electronic Items” [Read Notice]
The Directorate General of Foreign Trade (DGFT) has notified a new Standard Input Output Norm (SION) bearing the serial number C-2049 for items under...
![MCA Hiring CA, CS and CMA: 145 Posts Open for Qualified and Semi-Qualified Young Professionals [Read Notice]](https://images.taxscan.in/h-upload/2025/10/11/250x150_2095672-hiring.webp "MCA Hiring CA, CS and CMA: 145 Posts Open for Qualified and Semi-Qualified Young Professionals [Read Notice]")
![ITC on VAT cannot be Denied to Registered Purchasers for Seller’s Failure to Deposit Tax with Govt: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2025/10/11/250x150_2095681-input-tax-credit.webp "ITC on VAT cannot be Denied to Registered Purchasers for Seller’s Failure to Deposit Tax with Govt: Supreme Court [Read Judgement]")
![President Extends Tenure of 16th Finance Commission by One Month [Read Notification]](https://images.taxscan.in/h-upload/2025/10/11/250x150_2095641-finance-commission-taxscan.webp "President Extends Tenure of 16th Finance Commission by One Month [Read Notification]")
NFRA Invites Retired Principal Secretaries and Senior Officials to Serve as Expert Consultants [Read Circular]
The National Financial Reporting Authority (NFRA) has invited applications from retired Principal Secretaries and senior government officials to serve as expert consultants to assist in the...
![NFRA Invites Retired Principal Secretaries and Senior Officials to Serve as Expert Consultants [Read Circular]](https://images.taxscan.in/h-upload/2025/10/11/500x300_2095560-nfra-audit-firms-handling-audits-multiple-listed-companies-taxscan.webp "NFRA Invites Retired Principal Secretaries and Senior Officials to Serve as Expert Consultants [Read Circular]")
RBI Amends FEMA Regulations to allow Exporters to Hold Foreign Currency Accounts in IFSCs [Read Notification]
The Reserve Bank of India has amended the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015, through the Foreign Exchange Management (Foreign...
![RBI Amends FEMA Regulations to allow Exporters to Hold Foreign Currency Accounts in IFSCs [Read Notification]](https://images.taxscan.in/h-upload/2025/10/10/500x300_2095454-rbi-fema-regulations-taxscan.webp "RBI Amends FEMA Regulations to allow Exporters to Hold Foreign Currency Accounts in IFSCs [Read Notification]")
RBI FEMA Amendment: Bhutan, Nepal & Sri Lanka Entities can now Borrow from Indian Authorised Dealer Banks [Read Notification]
The Reserve Bank ofIndia (RBI) has promulgated the Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2025 enabling Authorised Dealer (AD) Category-I Banks in India to lend...
![RBI FEMA Amendment: Bhutan, Nepal & Sri Lanka Entities can now Borrow from Indian Authorised Dealer Banks [Read Notification]](https://images.taxscan.in/h-upload/2025/10/10/500x300_2095463-flag.webp "RBI FEMA Amendment: Bhutan, Nepal & Sri Lanka Entities can now Borrow from Indian Authorised Dealer Banks [Read Notification]")
CIT(E) Cannot Reject 12AB & 80G Income Tax Exemption Applications without Considering Compliance Documents: ITAT [Read Order]
The Ahmedabad Benchof the Income Tax Appellate Tribunal in a recent case held that the Commissioner of Income Tax (Exemption) had erred in rejecting renewal applications under Section...
![CIT(E) Cannot Reject 12AB & 80G Income Tax Exemption Applications without Considering Compliance Documents: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/500x300_2095415-income-tax-exemption-rejection.webp "CIT(E) Cannot Reject 12AB & 80G Income Tax Exemption Applications without Considering Compliance Documents: ITAT [Read Order]")
Income Surrendered during Survey Treated as Business Income, Not Unexplained Investment: ITAT Deletes Higher Tax u/s 115BBE [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) recently deleted higher tax imposed on an assessee, affirming that income voluntarily surrendered during a survey constitutes business...
![Income Surrendered during Survey Treated as Business Income, Not Unexplained Investment: ITAT Deletes Higher Tax u/s 115BBE [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/500x300_2095412-itat-business-income-additional-income-taxscan.webp "Income Surrendered during Survey Treated as Business Income, Not Unexplained Investment: ITAT Deletes Higher Tax u/s 115BBE [Read Order]")