Friday, September 13, 2019

Amending method of calculating premium by reinsurer wouldn't amount to abuse of dominant position: CCI

COMPETITION LAW: Where circular issued by OP-Indian reinsurer notifying certain amendments to method of calculating premium neither prevent a general insurance companies to offer premium at lowest rates to policy holder nor did it prevent general insurance companies from opting for an alternate reinsurance company, other than OP, no case of contravention of section 4 was made out against OP

from www.taxmann.com Latest Case Laws https://ift.tt/2Nd02FJ

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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...