Tuesday, August 7, 2018

Prescription of price band for bidders to transport LPG by oil companies is not anti-competitive

Competition Act : Even though, Petroleum and Natural Gas Regulatory Board Act, 2006 confers wider powers upon PNGRB, and is a special statute in matters relating to petroleum, natural gas and other crude oil products, Competition Act is a special statute aimed at regulation of competition in market and, thus, in matters related to fair functioning of markets, Commission has primacy over sectoral regulators and all issues relating to promoting and sustaining competition in markets would fall squa

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

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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...