Tuesday, March 30, 2021

Presence of several players in home loan market in India rules out dominance of ICICI

COMPETITION LAW : Where there were several public and private sector banks, NBFC and Housing Finance Companies (HFCs) operating in home loan market in India providing various options to consumers for availing home loans, OP-ICICI could not operate independently in market and, hence, could not be considered to be in a position of dominance in relevant market for provision of home loans in India

from www.taxmann.com Latest Case Laws https://ift.tt/31swIjQ

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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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