Wednesday, August 8, 2018

Exclusion of other players from market by wholesaler of liquor tantamounts to anti-competitive Act: CCI

Competition Act: Where liquor manufacturer had alleged that licensees for wholesale of country liquor were operating under a mutual agreement to source their purchases of country liquor only from certain manufacturers resulting exclusion of others, there was no credible evidence on record which showed existence of any agreement amongst OPs and there was no contravention of section 3

from www.taxmann.com Latest Case Laws https://ift.tt/2Onz4YJ

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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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