Thursday, October 15, 2020

No anti-competitive practice by importers in increased prices of Phenol used in laminate sheets

COMPETITION LAW : Where informant involved in manufacture of decorative laminate sheets, popularly known as Sunmica, one of whose major raw materials is Phenol filed information against OP-importers who supplied Phenol in Indian market alleging cartelization by importers in January, February and March 2016 to increase price of Phenol, it was held that high phenol prices during February-March 2016, coupled with fact that importers, trader and brokers of phenol used to meet, though purportedly inf

from www.taxmann.com Latest Case Laws https://ift.tt/3j05jMk

No comments:

Post a Comment

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...