Saturday, June 23, 2018

Revision of price of flat by developer at later stage could not amount to act of oppression: CCI

Competition Act: Where informant, an allottee of a flat in residential housing project developed by OP, filed a complaint that OP had arbitrarily increased price of flat at a subsequent stage, in view of fact that informant had not submitted any cogent material regarding position of dominance of OP in relevant market and, moreover, there was no material on record indicating that price demanded by OP vide its initial demand letter was final price of said flat and same was not subject to further

from www.taxmann.com Latest Case Laws https://ift.tt/2yzXo6r

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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...