https://www.taxtmi.com/news?id=20097 Competition Commission of India found collusive bidding by submission of proxy/cover bids in Pune Municipal Corporation tenders, contravening Section 3(3)(d) read with Section 3(1) of the Competition Act. The Commission imposed penalties on four firms and on individual officials of three firms based on average turnover or income for the three preceding years, declined penalty in a subsequent related case due to an earlier levy, and granted a fifty percent reduction to one lesser penalty applicant and its individuals in view of timing, cooperation and independent evidence developed by the DG. en-us Fri, 01 Jun 2018 12:17:10 +0530 Fri, 01 Jun 2018 12:17:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20097 Competition Commission of India found collusive bidding by submission of proxy/cover bids in Pune Municipal Corporation tenders, contravening Section 3(3)(d) read with Section 3(1) of the Competition Act. The Commission imposed penalties on four firms and on individual officials of three firms based on average turnover or income for the three preceding years, declined penalty in a subsequent related case due to an earlier levy, and granted a fifty percent reduction to one lesser penalty applicant and its individuals in view of timing, cooperation and independent evidence developed by the DG. News - Fri, 01 Jun 2018 12:17:10 +0530 https://www.taxtmi.com/news?id=20097