Friday, October 5, 2018

Presence of private real estate developers in relevant market rules out dominance of UP Housing Development Board

Competition Act: Where an allottee of a residential flat developed by OP alleged arbitrarily increase in cost of flat by OP causing appreciable adverse effect on competition, since agreement entered into between allottee and OP did not qualify as an agreement under section 3(3) as two of them were not engaged in identical or similar trade of goods or provision of services, no contravention of provisions of section 3 was made out against OP

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

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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...