Wednesday, September 26, 2018

No abuse of dominance by DLF group due to presence of other players in market: CCI

Competition Act: Where there were large number of players in relevant market for services of development and sale of residential apartments/flats in Gurgaon, OP Group i.e., DLF, did not have ability to influence conditions of competition in relevant market and, therefore, it did not have a dominant position in relevant market in terms of section 4

from www.taxmann.com Latest Case Laws https://ift.tt/2IfFGq8

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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...