Saturday, May 15, 2021

Opposite parties who fixed bid value in a Govt. tender for procurement for sewing machine amounted to big rigging: CCI

COMPETITION ACT : Where in respect of tender floated by local Government body for procurement of picofall-cum-sewing machine bid values quoted by OP-2 to OP-4 were fixed in consultation with each other, same amounted to bid rigging in contravention of provisions of section 3

from www.taxmann.com Latest Case Laws https://ift.tt/3tMArEE
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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...