Tuesday, August 24, 2021

Penalty of Rs. 200 Crore imposed on ‘Maruti Suzuki’ for restricting discounts by dealers: CCI

COMPETITION LAW : Where a purported MSIL dealer filed an anonymous complaint before Commission alleging that MSIL's sales policy was against interest of customers as well as provisions of Competition Act, 2002 and that dealers of MSIL were not permitted to give discounts to their customers beyond that prescribed by MSIL in announced 'consumer offer',

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000316563/penalty-of-rs-200-crore-imposed-on-‘maruti-suzuki’-for-restricting-discounts-by-dealers-cci.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...