Thursday, August 20, 2020

No abuse of dominance by ‘Whatsapp’ on pre-installation of payment app: CCI

Where Informant a practicing advocate alleged that Facebook-owned WhatsApp abused its dominance in market for internet-based messaging application through smartphones to manipulate market for UPI enabled digital payment applications in its favour, however, there was neither any concrete allegation, nor any specific information to support competition concern of Informant; alleged contravention of provisions of section 4 not being made out, information was to be closed

from taxmann.com News https://www.taxmann.com/topstories/222330000000020850/no-abuse-of-dominance-by-‘whatsapp’-on-pre-installation-of-payment-app-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...