Wednesday, June 2, 2021

Mere existence of dominance bereft of any abusive conduct couldn’t be held to be basis to order investigation: CCI

COMPETITION LAW : Where OP1 being a largest port owner in India proposed a resolution plan for acquisition of OP2-Port which was approved by OP3 Resolution Professional and according to informant same would 'enhance and substantiate' OP1's dominant position in port sector which would adversely affect interest of competitors, since, there were no evidence of abusive conduct by OP1, mere existence of dominance bereft of any abusive conduct, could not be held to be basis to order an investigation

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000314291/mere-existence-of-dominance-bereft-of-any-abusive-conduct-couldn’t-be-held-to-be-basis-to-order-investigation-cci.aspx

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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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