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.
![Relief to Revenue: Delhi HC Affirms AO’s Reassessment u/s 147 on basis of Third-Party search Findings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Relief-to-Revenue-Delhi-HC-Affirms-basis-of-Third-Party-Third-Party-search-Findings-AOs-Reassessment-search-Findings-Affirms-AOs-Reassessment-taxscan.jpg "Relief to Revenue: Delhi HC Affirms AO’s Reassessment u/s 147 on basis of Third-Party search Findings [Read Order]")
Relief to Revenue: Delhi HC Affirms AO’s Reassessment u/s 147 on basis of Third-Party search Findings [Read Order]
The Delhi High Court recently remitted matter back to the file of the Income Tax Appellate Tribunal (ITAT) observing that a jurisdictional Assessing...
![ITAT overturns ₹1.2 Crore Income Tax Additions from Penny Stock Sale, vitiates Presumption of ‘Human Probabilities’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-INCOME-TAX-Income-Tax-Additions-Penny-Stock-Sale-Stock-Sale-vitiates-Presumption-of-Human-Probabilities-Human-Probabilities.jpg "ITAT overturns ₹1.2 Crore Income Tax Additions from Penny Stock Sale, vitiates Presumption of ‘Human Probabilities’ [Read Order]")
![ITAT caps S.14A Disallowance at 1% of Dividend Income for Period prior to Rule 8D, Income Tax Rules [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Dividend-Income-TAXSCAN-2.jpg "ITAT caps S.14A Disallowance at 1% of Dividend Income for Period prior to Rule 8D, Income Tax Rules [Read Order]")
![Prior Period Expenses Integrable to Current Income Tax Assessment if Unclaimed: ITAT Remands HUDCO Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-HUDCO-Housing-and-Urban-Development-Corporation-Income-Tax-Appellate-Tribunal-Prior-Period-Expenses-Integrable-taxscan.jpg "Prior Period Expenses Integrable to Current Income Tax Assessment if Unclaimed: ITAT Remands HUDCO Matter [Read Order]")
10% Estimated Depreciation Claim on Property Registration Charges & Stamp Duty: ITAT remands for de novo Income Tax Assessment [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) recently remitted an Income Tax Appeal filed by Housing and Urban Development Corporation ( HUDCO ) claiming an estimated cost of 10%...
![10% Estimated Depreciation Claim on Property Registration Charges & Stamp Duty: ITAT remands for de novo Income Tax Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Assessment-De-novo-Assessment-ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Assessment-De-novo-Assessment-Taxscan.jpg "10% Estimated Depreciation Claim on Property Registration Charges & Stamp Duty: ITAT remands for de novo Income Tax Assessment [Read Order]")
Non-Reversal of ITC on Goods Lost in the Manufacturing Process: Legal Perspectives and Draft Reply under GST [Read Order]
The Goods and Services Tax ( GST ) regime in India aims to streamline indirect taxation and eliminate tax cascading by allowing Input Tax Credit ( ITC ) on goods and services used by businesses in...
![Non-Reversal of ITC on Goods Lost in the Manufacturing Process: Legal Perspectives and Draft Reply under GST [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITC-GST-Draft-Reply-Format-for-Non-reversal-of-ITC-taxscan.jpg "Non-Reversal of ITC on Goods Lost in the Manufacturing Process: Legal Perspectives and Draft Reply under GST [Read Order]")
₹2 Crore Expenditure on Bonds and Term Loans: ITAT grants Income Tax Deductions to HUDCO [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) recently upheld deductions of Rs.2 Crore made by the Housing and Urban Development Corporation (HUDCO), citing expenditure on bonds and...
Undisclosed Foreign Credit Card Expenses: ITAT sustains Income Tax Additions towards Lalit Modi [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi, recently confirmed income tax additions made by an Assessing Officer on prominent business personality Lalit Kumar Modi, alleging undisclosed...
![Undisclosed Foreign Credit Card Expenses: ITAT sustains Income Tax Additions towards Lalit Modi [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-Foreign-Credit-Card-Expenses-Income-Tax-Income-Tax-Additions-Taxscan.jpg "Undisclosed Foreign Credit Card Expenses: ITAT sustains Income Tax Additions towards Lalit Modi [Read Order]")
![ITAT Rejects ₹14 Crore Protective Income Tax Addition Against Lalit Modi [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Income-Tax-Addition-TAXSCAN.jpg "ITAT Rejects ₹14 Crore Protective Income Tax Addition Against Lalit Modi [Read Order]")
Reversal of ITC in the Absence of E-Invoice: How to Draft Reply towards Show Cause Notice [Read Draft Reply]
The Input Tax Credit ( ITC ) mechanism is a cornerstone of the Goods and Services Tax ( GST ) regime in India. ITC allows businesses to reduce their tax liability paid on inputs from the tax payable...
![Reversal of ITC in the Absence of E-Invoice: How to Draft Reply towards Show Cause Notice [Read Draft Reply]](https://www.taxscan.in/wp-content/uploads/2024/11/Reversal-of-ITC-GST-ITC-ITC-Reversal-GST-Show-Cause-Notice-Reply-Show-Cause-Notice-Reply-Drafting-taxscan.jpg "Reversal of ITC in the Absence of E-Invoice: How to Draft Reply towards Show Cause Notice [Read Draft Reply]")