Wednesday, June 13, 2018

Proxy bidding for winning tender tantamount to anti-competitive act under Competition Act

Competition Act: Where in tenders floated by OP-3 for 'design, supply, installation, commissioning, operation and maintenance of municipal organic and inorganic solid waste processing plant(s)', OP bidders submitted cover/proxy bid to aid OP-2 to win tender and thus, had indulged in bid-rigging in contravention to provisions of section 3, penalty was to be imposed on OPs and their office bearers

from www.taxmann.com Latest Case Laws https://ift.tt/2t4om0e

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...