Thursday, August 9, 2018

CCI slapped penalty on 'South Asia LPG' co. for abusing its dominant position in market

Competition Act: Where OP-SALPG required users to necessarily use cavern and pay higher charges in provision of terminalling services at Visakhapatnam port to Oil marketing companies (OMC), SALPG abused its dominant position in relevant market for upstream terminalling services at Visakhapatnam port and, therefore, penalty was to be imposed on it

from www.taxmann.com Latest Case Laws https://ift.tt/2Mfgm80

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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...