Friday, April 2, 2021

No abuse of dominance by ‘IATA’ in market for account settlement services in respect of air cargo segment in India

COMPETITION LAW : Where informant-Air Cargo Agents Association of India filed information against OP, i.e., International Air Transport Association (IATA) alleging contravention of section 4 by unilaterally introducing Cargo Accounts Settlement System (CASS) in India under its 'Resolution 801' under which cargo agents were required to make full payment on stipulated due dates for freight and other dues to all airlines through IATA-CASS office

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000314368/no-abuse-of-dominance-by-‘iata’-in-market-for-account-settlement-services-in-respect-of-air-cargo-segment-in-india.aspx

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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...