Saturday, October 20, 2018

CCI couldn't hold OP liable for contravention of provision of Act merely on basis of opinion of DG

Competition Act: Where CCI by an impugned order imposed penalty on manufacturer of motor vehicle for contravening provisions of section 3, but, since impugned order was not based on any specific evidence and had been passed merely on basis of opinion of DG, same was to be set aside

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

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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...