Thursday, November 22, 2018

Voluntary payment of charges by pharmaceutical firm to association couldn't be considered as an anti-competitive act

Competition Act: Where informant alleged that OP was demanding PIS charges from pharmaceutical companies, but it failed to substantiate that OP was forcing then to pay PIS charges, on contrary such companies during investigation submitted that there had been no compulsion to pay such charges, no case of contravention of provisions of section 3 was made out against OP

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

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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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