Friday, December 14, 2018

Imposition of 'Take or Pay' liability by GAIL on customers won't amount to abuse of dominant position: CCI

Competition Act: Where OP supplied Re-gasified Liquefied Natural Gas to informant, act of OP, such as, imposition of 'Take or Pay' liability to neutralize losses due to non take off by customer, suspension of supply due to non-submission of letter of credit, invocation of letter of credit for recovering 'Take or Pay Liability' would not amount to abuse of dominant position

from www.taxmann.com Latest Case Laws https://ift.tt/2Bk5xKo

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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...