Condonation, in this sense, is the action of excusing a party’s failure to comply with the timeframes prescribed for referral of a dispute to the CCMA.
Consequently, What qualifies as collusion? Collusion is a non-competitive, secret, and sometimes illegal agreement between rivals which attempts to disrupt the market’s equilibrium. The act of collusion involves people or companies which would typically compete against one another, but who conspire to work together to gain an unfair market advantage.
What is sufficient cause for condonation of delay? Supreme Court of India. Cites 16 – Cited by 262 – Full Document. State Of Haryana vs Chandra Mani & Ors on 30 January, 1996. mistake of counsel by itself is always sufficient cause for condonation of delay.
Keeping this in consideration, What is the process of condonation?
Condonation of Delay Under Companies Act, 2013
Section 460(a) states that where any application is required to be made to the Central Government under any provision of the Act, and if it is not filed within the time prescribed, the Central Government can condone the delay on the reasons recorded in writing.
What is the meaning of condonation fees?
: implied pardon of an offense by treating the offender as if it had not been committed.
What are the two types of collusion? Collusion between firms can be observed in two different forms: explicit collusion and implicit collusion. Explicit collusion happens when a group of firms establish a formal agreement to engage in collusive commercial practices.
Why is collusion bad? Collusion is seen as bad for consumers and economic welfare, and therefore collusion is mostly regulated by governments. Collusion can lead to: High prices for consumers. This leads to a decline in consumer surplus and allocative inefficiency (Price pushed up above marginal cost)
Is collusion illegal in the US? Collusion is illegal in the United States, Canada and most of the EU due to antitrust laws, but implicit collusion in the form of price leadership and tacit understandings still takes place.
What happens if condonation request is rejected?
Your condonation request is forwarded for approval. This return will be invalid till approvedā. Hence, in case the assessing officer reject the condonation request, return will be treated as invalid. Since the earlier return as been invalidated, it is advised to file the revised return.
What is 119 2 )( B after condonation of delay? Section 119(2)(b) of the Income Tax Act, along with circular no 09/2015 issued on 09-06-2015, is a statutory provision for condonation of late filing of returns in circumstances when the assessees could not file their Income Tax returns on time due to genuine hardship.
How do I check my condonation status?
Note: If you click View Refund Reissue Request, you will be taken to the View refund reissue request page where you can also view the status of the submitted requests. Step 1: Log in to the e-Filing portal using your user ID and password. Step 2: On your Dashboard, click Services > Condonation Request.
How do I apply for condonation delay? Step 1: Log in to the e-Filing portal using your user ID and password. Step 2: On your Dashboard, click Services > Condonation Request. Step 3: On the Condonation Request page, select Delay in submission of ITR-V option and click Continue.
How do you write a condonation delay?
It is, therefore, most respectfully prayed that this application may kindly be allowed and the delay of ______ days in filing the _____ may kindly be condoned and the matter may kindly be heard on its merit in the interest of justice.
What is another word for condonation?
In this page you can discover 6 synonyms, antonyms, idiomatic expressions, and related words for condonation, like: absolution, forgiveness, amnesty, excuse, pardon and remission.
What is U S 119 2 )( B after condonation of delay? Section 119(2)(b) of the Income Tax Act, along with circular no 09/2015 issued on 09-06-2015, is a statutory provision for condonation of late filing of returns in circumstances when the assessees could not file their Income Tax returns on time due to genuine hardship.
What is the synonym of condonation? Synonyms & Near Synonyms for condonation. absolution, forgiveness, pardon, remission.
What is an example of an oligopoly?
Oligopoly arises when a small number of large firms have all or most of the sales in an industry. Examples of oligopoly abound and include the auto industry, cable television, and commercial air travel. Oligopolistic firms are like cats in a bag.
What are the different types of oligopoly? Types of oligopoly
- Pure oligopoly.
- Imperfect oligopoly.
- Open oligopoly.
- Closed oligopoly.
- Collusive oligopoly.
- Competitive oligopoly.
- Partial oligopoly.
- Total oligopoly.
What is the difference between cartel and collusion?
The main difference between cartel and collusion is that a cartel is more organized and is a formal arrangement such as the OPEC, whereas collusion is informal in nature and involves firms secretively fixing prices and agreeing not to compete in certain areas of the market.
Are oligopolies good or bad? An oligopoly reduces competition, which means simpler choices for finding the best possible product. Different firms may offer similar products, so there is still some variety, but extensive research by the consumer is no longer required. 2. It creates higher profits.
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