Thursday, June 27, 2019

Demand of advance payment for supply of medicine by CIPLA to stockiest wasn't anti-competitive practice

Competition Act: Where there was no evidence that Cipla, a pharmaceutical company had refused to supply medicines to stockists/wholesalers at behest of Bengal Chemist & Druggist Association (BCDA) or that Cipla started supplying medicine only after BCDA issued an NOC, their act was not anti-competitive

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

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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...