Thursday, July 23, 2020

Hindustan Composites Ltd. held guilty of unfair trade practice for cartelising in composite brake blocks market

COMPETITION LAW: Where OPs had indulged in cartelisation in Composite Brake Blocks market in India by means of directly or indirectly determining prices, allocating markets, co-ordinating bid response and manipulating bidding process, which had an appreciable adverse effect on competition within India, they were guilty of contravention of provisions of section 3

from www.taxmann.com Latest Case Laws https://ift.tt/2ZS0f6x

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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...