Saturday, October 5, 2019

Jaiprakash Associates abused dominance by imposing unilateral and unfair clause in provisional allotment letter

COMPETITION LAW: Where on basis of market share, financial resources and land available, OP enjoyed a dominant position in market for development and sale of residential units in NOIDA, putting a clause in Provisional Allotment Letter (PAL) which gave unilateral powers to OP to amend layout plans and putting up additional construction without even consulting allottees, was unfair and was in contravention of provisions of section 4

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

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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...