Wednesday, September 18, 2019

HC restores CCI’s order rejecting plea for quashing DG’s report on abuse of dominance by Grasim

COMPETITION LAW : Where pursuant to an information filed with CCI that all manufacturers of man made fibres (MMF), including Grasim, had imposed anti-competitive restrictions on Indian textile industry DG submitted a report to CCI, holding that none of parties named in information had committed any violation under section 3 but Grasim had abused its dominant position in market in terms of section 4 and CCI rejected plea of Grasim that investigation of DG

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000190567/hc-restores-cci’s-order-rejecting-plea-for-quashing-dg’s-report-on-abuse-of-dominance-by-grasim.aspx

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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...