Thursday, January 16, 2020

DG to initiate an investigation against Asian Paints for indulging in anti-competitive activities: CCI

COMPETITION LAW : Where informants JSW Paints filed a complaint against OP Asian Paints Ltd., alleging contravention of relevant provisions of sections 3 and 4, and it was found that evidence provided by JSW Paints was prima-facie sufficient to indicate that Asian Paints had denied access to distribution channels in relevant market to JSW Paints by threatening and coercing such dealers through various means.

from www.taxmann.com Latest Case Laws https://ift.tt/35UTfFD

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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...