https://www.taxtmi.com/caselaws?id=275694 The Tribunal overturned the findings of cartel formation and bid rigging by the Commission and the DG, concluding that identical pricing alone was insufficient evidence of collusion without further corroborative factors. It also ruled that the penalties imposed were incorrectly calculated, as they should have been based solely on the turnover related to feed valves rather than the total turnover from all products. Consequently, the Tribunal allowed the appeals and quashed the penalties imposed on the appellants. en-us Fri, 18 Dec 2015 00:00:00 +0530 Fri, 12 Oct 2018 18:20:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275694 The Tribunal overturned the findings of cartel formation and bid rigging by the Commission and the DG, concluding that identical pricing alone was insufficient evidence of collusion without further corroborative factors. It also ruled that the penalties imposed were incorrectly calculated, as they should have been based solely on the turnover related to feed valves rather than the total turnover from all products. Consequently, the Tribunal allowed the appeals and quashed the penalties imposed on the appellants. Case-Laws Law of Competition Fri, 18 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275694