https://www.taxtmi.com/news?id=19932 The Commission applied the Lesser Penalty framework under Section 46 and the Lesser Penalty Regulations to recognise disclosure based cooperation during a cartel probe into coordinated pricing, production limits and market allocation, conducted search and seizure operations while the investigation was pending, and computed penalties by applying statutory penalty criteria and multipliers to profits and receipts, granting differential reductions based on timing and value of cooperation. en-us Thu, 19 Apr 2018 18:54:50 +0530 Thu, 19 Apr 2018 18:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19932 The Commission applied the Lesser Penalty framework under Section 46 and the Lesser Penalty Regulations to recognise disclosure based cooperation during a cartel probe into coordinated pricing, production limits and market allocation, conducted search and seizure operations while the investigation was pending, and computed penalties by applying statutory penalty criteria and multipliers to profits and receipts, granting differential reductions based on timing and value of cooperation. News - Thu, 19 Apr 2018 18:54:50 +0530 https://www.taxtmi.com/news?id=19932