Saturday, August 22, 2020

Power of Arbitral Tribunal and CCI are not overlapping rules, Bombay High Court

COMPETITION LAW: While issues of contractual relief are within domain of Arbitral Tribunal, issues of violation of provisions of Competition Act are within exclusive domain of CCI; during pendency of proceeding before CCI, dispute regarding payment is arbitrable for reason that jurisdiction of CCI under Competition Act and jurisdiction of Arbitral Tribunal under an agreement are altogether different and distinct and are not overlapping

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

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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