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No Provision under IBC for set of/adjustment/counter claim: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, held that there is no provision under the Insolvency bankruptcy Code...
![[Breaking] Personal Income Tax Surpasses Corporate Tax by ₹1 Lakh Crore for FY 2024-25: CBDT releases Net Direct Tax Collection Report [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/10/CBDT-Central-Board-of-Direct-Taxes-Income-Tax-Personal-Income-Tax-Corporate-Tax-Direct-Tax-Collection-Report-taxscan.jpg "[Breaking] Personal Income Tax Surpasses Corporate Tax by ₹1 Lakh Crore for FY 2024-25: CBDT releases Net Direct Tax Collection Report [Read Notification]")
Non-Consideration of Duly Acknowledged reply to GST SCN: Karnataka HC grants Opportunity for Hearing [Read Order]
The single bench of Justice Sunil Dutt Yadav of the Karnataka High Court has granted an opportunity for a hearing due to the non-consideration of a duly acknowledged reply to the Goods and Service...
![Non-Consideration of Duly Acknowledged reply to GST SCN: Karnataka HC grants Opportunity for Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Karnataka-HC-Karnataka-High-Court-Non-Consideration-GST-SCN-Karnataka-HC-Grants-Opportunity-TAXSCAN.jpg "Non-Consideration of Duly Acknowledged reply to GST SCN: Karnataka HC grants Opportunity for Hearing [Read Order]")
Tax Revenue eases Pressure on Kerala Govt, State Treasury moves out of Overdraft but Still in Deficit
The recent surge in tax revenue has provided temporary relief for the cash-strapped state government, allowing the state treasury to exit its overdraft status. Prior to this, the treasury had been in...
