Friday, July 26, 2019

No anti-competitive agreement among multiplex complexes to impose Virtual Print Fee (VPF) on producers: CCI

COMPETITION LAW : Where informant producers filed information against OPs (PVR, Inox etc.) engaged in business of operating multiplex cinema theatres in various Indian cities alleging contravention of provisions of section 3 and praying that OPs be restrained from imposing any unfair and unjustified fees and restrictions including Virtual Print Fee (VPF) and/or be restrained in any manner from obstructing exhibition and exploitation of Informant's films,

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

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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...