Thursday, July 19, 2018

Discontinuation of supply of cement in normal course of business doesn't amount to anti-competitive Act

Competition Act: Where there were no materials to establish that OP2-Cement Dealers Association urged OP1-Cement manufacturer to stop supplies to informants or other cement dealers, and OP1 stopped supplies to informants in normal course of business same could not be said to be anti-competitive

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

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

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