Friday, May 21, 2021

Pact between MMT and OYO to provide preferential treatment on its platform amounted to unfair trade: CCI

COMPETITION ACT : Where MMT, an Online Travel Agency entered into an agreement with hotels/franchising service provider i.e. OYO, to give it a preferential treatment on its platform leading to denial of market access to closest competitiors of OYO, conduct of MMT affected competition in market and thus, MMT was to be restrained from indulging in such exclusionary act

from www.taxmann.com Latest Case Laws https://ift.tt/3v7IfSB

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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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