Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
CCI dismissed allegations of anti-competitive practices against a financial institution. The Commission found no merit in claims of arbitrary interest rate changes, noting that rates are determined by multiple parameters like CIBIL score and risk assessment. Regarding back interest charges, the Commission viewed the dispute as a contractual matter outside competition law's scope. The allegation of collusion with valuers to undervalue properties under SARFAESI proceedings was rejected due to lack of evidentiary support. Ultimately, the Commission concluded no prima facie case of Section 3 or 4 violations existed and directed closure of the matter under Section 26(2) of the Competition Act, 2002.
CCI dismissed allegations of anti-competitive practices against a financial institution. The Commission found no merit in claims of arbitrary interest rate changes, noting that rates are determined by multiple parameters like CIBIL score and risk assessment. Regarding back interest charges, the Commission viewed the dispute as a contractual matter outside competition law's scope. The allegation of collusion with valuers to undervalue properties under SARFAESI proceedings was rejected due to lack of evidentiary support. Ultimately, the Commission concluded no prima facie case of Section 3 or 4 violations existed and directed closure of the matter under Section 26(2) of the Competition Act, 2002.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
