The Supreme Court had held that the Insolvency and Bankruptcy Code will prevail over the Customs Act. The court held thus: The IBC would prevail over The Customs Act, to the extent that once moratorium is imposed in terms of Sections 14 or 33 of the IBC as the case may be, the respondent authority only has 35 a limited …
The Madras High Court today issued notice on a plea filed by Ootacamund Club through its Secretary, challenging the vires of Section 108 of the Finance Act, 2021, insofar as it purports to levy Goods and Service Tax on a members' club in an incorporated form by insertion of Section 7 in the CGST Act.When the matter came up before …
Critics say state interventions adopted by the Tories have prevented the energy market from operating competitively, driving up costs even before the recent rise in wholesale prices. The problems date back to 2008, when the Labour government imposed a series of green levies on households through their energy bills using the Climate Change Act, the brainchild of Mr Miliband. David …
