Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The NCLAT dismissed all three appeals, upholding the...
All appeals dismissed; finding of anti-competitive bid-rigging upheld under Sections 3(3)(c), 3(3)(d) read with 3(1); cease-and-desist and total-turnover penalty sustained
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
The NCLAT dismissed all three appeals, upholding the Commission's finding that the appellants engaged in anti-competitive practices constituting contraventions of Sections 3(3)(c) and 3(3)(d) read with Section 3(1) of the Competition Act. The Tribunal affirmed that a cartel may be inferred on a probabilistic standard from circumstantial evidence and parties' conduct, and found the documentary record here demonstrative of bid-rigging in soil-testing tenders. The direction under Section 27(a) to cease and desist was endorsed as legally valid. The Tribunal also approved the Commission's methodology of computing penalty on total turnover given nil relevant turnover of first-time bidders, concluding there was no infirmity in the impugned order.
The NCLAT dismissed all three appeals, upholding the Commission's finding that the appellants engaged in anti-competitive practices constituting contraventions of Sections 3(3)(c) and 3(3)(d) read with Section 3(1) of the Competition Act. The Tribunal affirmed that a cartel may be inferred on a probabilistic standard from circumstantial evidence and parties' conduct, and found the documentary record here demonstrative of bid-rigging in soil-testing tenders. The direction under Section 27(a) to cease and desist was endorsed as legally valid. The Tribunal also approved the Commission's methodology of computing penalty on total turnover given nil relevant turnover of first-time bidders, concluding there was no infirmity in the impugned order.
Note: It is a system-generated summary and is for quick reference only.