Thursday, August 9, 2018

Pharma cos. was to be fined for violating competition norms with regard to mandating NoC from stockists

CL: Practice of mandating NOC prior to appointment of stockists results in limiting and controlling supply of drugs in market and it amounts to an anti-competitive practice, in violation of provisions of section 3(3)(b) read with section 3(1)

from www.taxmann.com Latest Case Laws https://ift.tt/2vv60Yj

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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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