Thursday, March 4, 2021

Mere business linkages and common directorship not sufficient to base finding of violation of section 3, rules CCI

COMPETITION LAW : Mere business linkages and common directorships simpliciter in themselves are not sufficient to base a finding of prima facie violation of section 3(3) in absence of any material indicating concerted action

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

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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...