Thursday, April 1, 2021

No case of anti-competitive practice made out against OP as informant failed to prove alleged cartelization

COMPETITION LAW : Where informant had failed to adduce any material in support of its allegation that insurance companies were using GIC Re (reinsurance company) as a platform to exchange sensitive information, including information on prices which might facilitate price fixing, allegation of cartel arrangement between GIC Re and insurance companies in contravention of section 3 was not made out

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

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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...