Tuesday, March 23, 2021

No contravention of Competition law if alleged price parallelism was explained by transparent historical prices

COMPETITION LAW : Where apart from alleged price parallelism in NHAI tender for year 2019-20 which had been explained through transparent historical price trends, there was no other material available on record which might indicate collusion or any concerted action between opposite parties in respect of NHAI tender, there existed no prima facie case of contravention of provisions of section 3, read with section 4 against opposite parties

from www.taxmann.com Latest Case Laws https://ift.tt/2Ph4mWP

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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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