https://www.taxtmi.com/caselaws?id=102436 An advertisement promising a double return on investment within two years and tax-free income was treated as an unfair trade practice because the claims were unsupported, misleading, and made without any reasonable prospect of fulfilment. The Commission found that such representations fell within section 36A(1)(iv) and section 36A(1)(viii) of the Monopolies and Restrictive Trade Practices Act, 1969. As the statements were capable of inducing investors to part with money on false hopes, a cease and desist direction was considered justified, together with costs and compliance requirements. en-us Thu, 20 Jan 1994 00:00:00 +0530 Tue, 02 Apr 2019 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102436 An advertisement promising a double return on investment within two years and tax-free income was treated as an unfair trade practice because the claims were unsupported, misleading, and made without any reasonable prospect of fulfilment. The Commission found that such representations fell within section 36A(1)(iv) and section 36A(1)(viii) of the Monopolies and Restrictive Trade Practices Act, 1969. As the statements were capable of inducing investors to part with money on false hopes, a cease and desist direction was considered justified, together with costs and compliance requirements. Case-Laws Companies Law Thu, 20 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102436