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.
![IBBI Suspends Resolution Professional for One Year over Negligence and Unjustified Delay in Liquidation Process [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/500x300_2094368-2070736-liquidation-taxscan.webp "IBBI Suspends Resolution Professional for One Year over Negligence and Unjustified Delay in Liquidation Process [Read Order]")
IBBI Suspends Resolution Professional for One Year over Negligence and Unjustified Delay in Liquidation Process [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) recently suspended an Insolvency Resolution Professional (RP) for a period of one year, noting...
![Court’s Orders Continue to Apply In areas not Legislatively Addressed: Delhi HC Affirms 180-Day PMLA Attachment Limit in ED Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/250x150_2094339-delhi-high-court-pmla-ed-case-taxscan.webp "Court’s Orders Continue to Apply In areas not Legislatively Addressed: Delhi HC Affirms 180-Day PMLA Attachment Limit in ED Case [Read Order]")
![RBI Seeks Stakeholders’ Comments on Draft Directions on Lending to Related Parties [Read Draft]](https://images.taxscan.in/h-upload/2025/10/06/250x150_2094262-rbi-rbi-releases-draft-on-master-directions-on-cyber-resilience-digital-payment-security-controls-payment-system-operators-cyber-resilience-and-digital-payment-security-controls-taxscan.webp "RBI Seeks Stakeholders’ Comments on Draft Directions on Lending to Related Parties [Read Draft]")
![Delhi HC Rejects Customs’ Plea to Enhance Penalty in Red Sandalwood Export Case, Cites Limited Role of Freight Forwarder [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/250x150_2094230-red-sandalwood-taxscan.webp "Delhi HC Rejects Customs’ Plea to Enhance Penalty in Red Sandalwood Export Case, Cites Limited Role of Freight Forwarder [Read Order]")
![Delhi Govt. Notifies GST Rate Changes on Services: Reflects Decisions from 56th GST Council Meeting [Read Notification]](https://images.taxscan.in/h-upload/2025/10/06/250x150_2094196-gst-rate-changes-taxscan.webp "Delhi Govt. Notifies GST Rate Changes on Services: Reflects Decisions from 56th GST Council Meeting [Read Notification]")
NFRA Releases Auditor-Audit Committee Interactions Series 4: Accounting Estimates, Judgements & Impairment of Non-financial Assets
The National Financial Reporting Authority (NFRA) has released Series 4 of its Auditor-Audit Committee Interactions, with this iteration focusing on accounting estimates, judgements and impairment...
SEBI clarifies ‘No Regulatory Oversight of Family Offices’ amid Media Speculation [Read Press Release]
The Securities andExchange Board of India (SEBI) on Friday (03 October, 2025) issued a clarificatory press release rebutting recent media reports suggesting that the body was preparing regulatory...
![SEBI clarifies ‘No Regulatory Oversight of Family Offices’ amid Media Speculation [Read Press Release]](https://images.taxscan.in/h-upload/2025/10/04/500x300_2093810-sebi-regulatory-oversight-family-offices-amid-speculation-taxscan.webp "SEBI clarifies ‘No Regulatory Oversight of Family Offices’ amid Media Speculation [Read Press Release]")
Madras HC Orders Release of DRI-Seized Knitted Fabrics: Importer to Pay Declared Duty, 50% Differential Duty & Execute Bonds [Read Order]
The Madras High Court recently ordered the provisional release of viscose knitted fabrics that was seized by the Directorate of Revenue Intelligence (DRI) during the import process after laying...
![Madras HC Orders Release of DRI-Seized Knitted Fabrics: Importer to Pay Declared Duty, 50% Differential Duty & Execute Bonds [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/500x300_2092991-site-image.webp "Madras HC Orders Release of DRI-Seized Knitted Fabrics: Importer to Pay Declared Duty, 50% Differential Duty & Execute Bonds [Read Order]")
![RBI Announces the Constitution of the Payments Regulatory Board [Read Announcement]](https://images.taxscan.in/h-upload/2025/10/01/500x300_2092955-rbi-rbi-strips-guidelines-2025-taxscan.webp "RBI Announces the Constitution of the Payments Regulatory Board [Read Announcement]")
Undervaluation & Misclassification of PVC Coated Fabrics: Madras HC Orders DRI to Release after Importer Pays Duty & Executes ₹12.4 Cr Bonds [Read Order]
The Madras HighCourt recently ordered the provisional release of PVC Coated Fabrics seized by the Directorate of Revenue Intelligence (DRI), subject to the importer paying the declared duty,...
![Undervaluation & Misclassification of PVC Coated Fabrics: Madras HC Orders DRI to Release after Importer Pays Duty & Executes ₹12.4 Cr Bonds [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092852-classification-of-fabrics-fabrics-fabrics-partially-coated.webp "Undervaluation & Misclassification of PVC Coated Fabrics: Madras HC Orders DRI to Release after Importer Pays Duty & Executes ₹12.4 Cr Bonds [Read Order]")
Revenue Bound to Refund Excess VAT Once Form-P is Issued: Madras HC Orders Return of ₹1.14 Crore with 6% Interest [Read Order]
The Madurai Bench of the Madras High Court recently affirmed that the Revenue is bound to refund excess tax once the Form-P - used to summarize the final outcome of the assessment records the...
![Revenue Bound to Refund Excess VAT Once Form-P is Issued: Madras HC Orders Return of ₹1.14 Crore with 6% Interest [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092712-vat-allahabad-hc-slams-vat-assessing-authority-taxscan.webp "Revenue Bound to Refund Excess VAT Once Form-P is Issued: Madras HC Orders Return of ₹1.14 Crore with 6% Interest [Read Order]")
Provident Fund Dues Not Part of Liquidating Company’s Estate: Madras HC Allows 255-Day Late Claim by EPFO [Read Order]
The Madras High Court recently ruled that provident fund dues are excluded from the liquidation estate of a company under Section 36(4)(a)(iii) of the Insolvency and Bankruptcy Code, 2016, and thus...
![Provident Fund Dues Not Part of Liquidating Company’s Estate: Madras HC Allows 255-Day Late Claim by EPFO [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092704-provident-fund-taxscan.webp "Provident Fund Dues Not Part of Liquidating Company’s Estate: Madras HC Allows 255-Day Late Claim by EPFO [Read Order]")