Saturday, December 15, 2018

Allegation of concerted action could not be sustained as there were variations in price quotations: CCI

Competition Act : Where in tenders floated by CLW, DLW and DMW for supply of oil cooler rediators (OCR) there were variations in price quotations by three parties viz., OP-1, OP-2 and 'T', allegation of informant of concerted action on part of OPs in bidding process could not be sustained and, therefore, no case of contravention of provisions of Act was made out against OPs

from www.taxmann.com Latest Case Laws https://ift.tt/2Gijxu0

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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...