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.
![₹51L Income Tax Addition u/s.56(2) by Arbitrary Rejection of Share Value Report to Tax Entire Share Premium and Capital: ITAT Orders Deletion [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Addition-Share-Value-Report-Share-Premium-Capital-ITAT-Orders-taxscan.jpg "₹51L Income Tax Addition u/s.56(2) by Arbitrary Rejection of Share Value Report to Tax Entire Share Premium and Capital: ITAT Orders Deletion [Read Order]")
₹51L Income Tax Addition u/s.56(2) by Arbitrary Rejection of Share Value Report to Tax Entire Share Premium and Capital: ITAT Orders Deletion [Read Order]
The Jodhpur Bench of the Income Tax Appellate Tribunal (ITAT) recently ordered the deletion of an income tax addition of ₹51,00,000/-, observing that...
![No Interference with Trading Results and Gross Profits if Proof of Sales, Purchases, Quantity, Delivery, and Payment are Provided: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Mumbai-Trading-Results-Taxscan-.jpg "No Interference with Trading Results and Gross Profits if Proof of Sales, Purchases, Quantity, Delivery, and Payment are Provided: ITAT [Read Order]")
![The Issue of Fake Invoices and Non-Existent Businesses: Legal and Practical Considerations [Find Draft Reply Format Here]](https://www.taxscan.in/wp-content/uploads/2025/02/Fake-Invoices.jpg "The Issue of Fake Invoices and Non-Existent Businesses: Legal and Practical Considerations [Find Draft Reply Format Here]")
![Thyssenkrupp’s EPC Agreement is a Composite Supply and not Divisible Contract under GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/AAR-GST-Thyssenkrupp-gst-case-EPC-Agreement-TAXSCAN.jpg "Thyssenkrupp’s EPC Agreement is a Composite Supply and not Divisible Contract under GST: AAR [Read Order]")
GST Applicable on Imported Goods Sold under HSS and later used in EPC Contract, Even If IGST Paid at Import: AAR [Read Order]
A recent ruling delivered by the Gujarat Authority for Advance Ruling ( AAR ) clarified that imported goods sold under a High Seas Sale ( HSS ) agreement and later used in a project initiated through...
![GST Applicable on Imported Goods Sold under HSS and later used in EPC Contract, Even If IGST Paid at Import: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/GST-Imported-Goods-GST-on-Imported-Goods-AAR-TAXSCAN.jpg "GST Applicable on Imported Goods Sold under HSS and later used in EPC Contract, Even If IGST Paid at Import: AAR [Read Order]")
ICAI rectifies Formatting and Alignment Errors in Notification issued under Merger and Demerger of CA Firms Guidelines, 2024
The Institute of Chartered Accountants of India (ICAI) has issued a corrigendum to rectify formatting and alignment errors in its earlier notification concerning the ICAI (Merger and Demerger of CA...
Ministry of Commerce and Industry Appoints 3 MPs to APEDA Constitution: Tenure to Last for 2 Years or until Parliamentary Duties Cease [Read Notification]
The Ministry of Commerce and Industry has issued a notification conducting changes to the composition of the Agricultural and Processed Food Products Export Development Authority ( APEDA ). The...
Relief to BCCI: Bombay HC quashes Revenue Order Prohibiting Income Tax Exemption for Lack of Statutory Power [Read Order]
The Bombay High Court delivered a significant ruling on Tuesday (18 February, 2025), quashing an order by the Commissioner of Income Tax (Exemptions) ( CIT(E) ) which deemed the Board of...
![Relief to BCCI: Bombay HC quashes Revenue Order Prohibiting Income Tax Exemption for Lack of Statutory Power [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Bombay-High-Court-BCCI-Income-tax-Relief-to-BCCI-Income-Tax-Exemption-TAXSCAN.jpg "Relief to BCCI: Bombay HC quashes Revenue Order Prohibiting Income Tax Exemption for Lack of Statutory Power [Read Order]")
GST on BOT Model Construction Agreement: Rajasthan HC directs Appeal before Proper Authority in light of Audit Reports and Govt. Circular [Read Order]
The Rajasthan High Court recently directed a special purpose vehicle, indulged in the construction of governmental projects under a Build-Operate-Transfer (BOT) agreement to pursue an appeal against...
![GST on BOT Model Construction Agreement: Rajasthan HC directs Appeal before Proper Authority in light of Audit Reports and Govt. Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/GST-BOT-Model-Construction-Agreement-Rajasthan-HC-Appeal-Proper-Authority-light-of-Audit-Reports-Govt.-Circular-taxscan.jpg "GST on BOT Model Construction Agreement: Rajasthan HC directs Appeal before Proper Authority in light of Audit Reports and Govt. Circular [Read Order]")
