Thursday, May 28, 2020

Mere extension of an agreement for appointment of distributor isn’t considered as unfair business practice: CCI

COMPETITION LAW : Informant alleged that OP-1 Directorate of State Lotteries appointed OP-2 as as sole and exclusive distributor/promoter of lotteries in State without inviting any public tender and such agreement was extended from time to time, while, in fact, OP-1 decided to float a tender long back, which came to be litigated before High Court and due to pendency of writ petition and other factors, tendering process could not be implemented, no case of contravention of provisions of Act was m

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194612/mere-extension-of-an-agreement-for-appointment-of-distributor-isn’t-considered-as-unfair-business-practice-cci.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...