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 upholds CIT(A) Order Deleting ₹12.92 Crore Income Tax Addition relying on Past Agricultural Purchases to fix 5.02% Gross Profit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-CITA-Order-CITA-Income-Tax-Past-Agricultural-Purchases-Commissioner-of-Income-Tax-taxscan.jpg "ITAT upholds CIT(A) Order Deleting ₹12.92 Crore Income Tax Addition relying on Past Agricultural Purchases to fix 5.02% Gross Profit [Read Order]")
ITAT upholds CIT(A) Order Deleting ₹12.92 Crore Income Tax Addition relying on Past Agricultural Purchases to fix 5.02% Gross Profit [Read Order]
The Ahmedabad Income Tax Appellate Tribunal ( ITAT ) recently affirmed an order passed by the Commissioner of Income Tax (Appeals) ( CIT(A) )...
![ITAT estimates Cheque Discounter’s Taxable Income at 10% of Cash and Other Credit due to Possible Revenue Leakage [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-estimates-Cheque-Discounters-Taxable-Income-Income-Cash-and-Other-Credit-Credit-due-Revenue-Leakage-taxscan.jpg "ITAT estimates Cheque Discounter’s Taxable Income at 10% of Cash and Other Credit due to Possible Revenue Leakage [Read Order]")
![All bank transactions and Credit Entries not Taxable if amounts immediately Debited by Clearance: ITAT upholds Reasonable Estimation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Credit-Entries-Debited-by-Clearance-taxscan.jpg "All bank transactions and Credit Entries not Taxable if amounts immediately Debited by Clearance: ITAT upholds Reasonable Estimation [Read Order]")
![Lack of specific information or positive evidence to reject Assessee’s Submissions: ITAT deletes ₹48 Lakh Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Income-Tax-Addition-Positive-Evidence-taxscan.jpg "Lack of specific information or positive evidence to reject Assessee’s Submissions: ITAT deletes ₹48 Lakh Income Tax Addition [Read Order]")
Deceased Assessee’s Unexplained ₹15 Lakh Bank Deposit yielding ₹31 Interest: ITAT Remits for de novo Assessment [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) recently set aside an ex-parte addition ₹15 Lakh held as unexplained Bank Deposit by a deceased assessee, while calling on the Assessing...
![Deceased Assessee’s Unexplained ₹15 Lakh Bank Deposit yielding ₹31 Interest: ITAT Remits for de novo Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Deceased-Assessees-ITAT-Surat-ITAT-Remits-ITAT-Remits-for-de-novo-Assessment-unexplained-Bank-Deposit-numerous-notices-Assessment-Year-Income-Tax-Act-ITAT-Taxscan.jpg "Deceased Assessee’s Unexplained ₹15 Lakh Bank Deposit yielding ₹31 Interest: ITAT Remits for de novo Assessment [Read Order]")
CBDT Circular provides Time Extension for Approval of Fund u/s 80G: ITAT Restores matter to CIT(E) [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) recently granted relief to an Appellant, approving the delay in application for approval of fund from the date of commencement of...
![CBDT Circular provides Time Extension for Approval of Fund u/s 80G: ITAT Restores matter to CIT(E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Surat-Time-Extension-Charitable-Trusts-Taxscan.jpg "CBDT Circular provides Time Extension for Approval of Fund u/s 80G: ITAT Restores matter to CIT(E) [Read Order]")
Local Sale of Duty-Exempt Imports Violates Export Obligations under Advance Authorization: Delhi HC [Read Order]
In a notable ruling, the Delhi High Court affirmed that the localized sale of goods imported under Advance Authorization, with duty exemptions, shall result in a breach of the concerned seller’s...
Seller cannot dissect Settlement Commission Order to avail Preferred Provisions Only: Delhi HC upholds ₹1.15 Crore Penalty [Read Order]
The Delhi High Court recently upheld the imposition of ₹1.15 Crore Penalty against a trader, averring that Order passed by the Settlement Commission in regards to adjudication of a specific...
“Been sitting at the Laxmi Nagar Income Tax Office, Delhi…..and there’s no sign of staff or officers” Distressed CA posts on X
A post published by Chartered Accountant ( CA ) Sanjay Sharma highlights the sad state of affairs at the Laxmi Nagar Income Tax Office, Delhi wherein the CA was kept waiting for the concerned staff...
