Wednesday, November 14, 2018

CCI holds no bid rigging in BHEL’s tender for procurement of computer peripherals

Competition Act : Where BHEL invited tender for supply, installation and maintenance of PCs, Servers, Printers, UPS, network equipment and other Computer Peripherals throughout India for a period of five years on Lease Basis Informant, an ancillary to BHEL Haridwar's unit,alleged bid rigging/collusive bidding by OPs i.e., Hitachi and IL&FS, Informant had failed to provide or suggest any evidence to show that there was any meeting of minds between OPs before/at time of submission of bids and ,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000184978/cci-holds-no-bid-rigging-in-bhel’s-tender-for-procurement-of-computer-peripherals.aspx

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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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