Thursday, December 2, 2021

Invoking of non-compete clause to restrict informant from re-entering business wasn’t abuse of dominance: CCI

COMPETITION ACT : Where informant had entered into sale of buses (assets) agreement with OP and grievance of informant was that he was restricted by OP from re-entering into business of running of buses by invoking non-compete clause of said agreement, however, informant had not been able to place any material wherefrom any entry barrier could be deciphered, there existed no prima facie case,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000317542/invoking-of-non-compete-clause-to-restrict-informant-from-re-entering-business-wasn’t-abuse-of-dominance-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...