Friday, December 3, 2021

CCI holds Chandra Brothers guilty of cartelization in market of axle bearing for manipulating bidding process

COMPETITION LAW : Where OPs were indulged in cartelisation in market of Axle bearings in India by means of determining prices directly or indirectly, allocating markets and manipulating bidding process which had an appreciable adverse effect on competition within India, they were guilty of contravention of provisions of section 3

from www.taxmann.com Latest Case Laws https://ift.tt/3diLn6W

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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...