News Update

Wheat procurement in 2024 exceeds past year figures; foodgrain requirement & use in welfare schemes met comfortablyGST - Registration suspended on ground that petitioner is a non-existent firm - Claim made is that new address uploaded on portal - Petitioner to appear before Anti evasion cell: HC58 Lok Sabha seats across 8 States to go for polls tomorrow; EC/SECs step up measures to arrest impact of heatwaves & rainDelhi L-G VK Saxena wins decades-long defamation battle against activist Medha PatkarGST - Proper officer has opined that the reply filed is unsatisfactory - Proper Officer is directed to intimate to the petitioner details/documents, as maybe required to be furnished and thereafter re-adjudicate the SCN: HCCOAS reviews NDA Passing Out Parade; reiterates time-less importance of Espirit d'corpsICJ orders immediate halt to Israeli offensive in Rafah; Netanyahu agrees to confer with war council before taking final callGST - SCN was uploaded on the portal in the category of 'Additional Notices' and the petitioner missed it, hence could not respond - Order set aside and matter remanded: HCDoordarshan enters AI age; to launch 2 multilingual AI anchorsGST - A taxpayer's registration can be cancelled with retrospective effect only where such consequences [of denying ITC to customers] are intended and are warranted: HCBooth-wise voter turnout - SC refuses to pass interim order directing ECI to publish Form 17C dataGST - SCN does not put the petitioner to notice that the registration is liable to be cancelled retrospectively, thus, the petitioner had no opportunity to even object to the retrospective cancellation: HCOdisha CM Naveen Patnaik scotches rumors of ill healthKerala General Sales Tax - Review Petition can be resorted to only if there is error apparent on face of record & cannot be utilised as means of re-hearing or appeal: HCSingapore Airlines goes hard on tightening of seatbelt rulesI-T- In order to seek review, it has to be demonstrated that order suffers from an error contemplated under Order 47 Rule 1 CPC which is apparent on face of record and not an error which is to be fished out and searched: HCTit-for-tat: Putin issues decree to confiscate American propertySIM-ply no more: DoT scrutinises 6.8 lakh suspect connections for re-verificationSpanish restaurant roof caves in; 4 dead & 21 injuredNDA Convocation: 17 Cadets from Friendly Foreign Countries awarded DegreesEU imposes USD 366 mn fine on Mondelez for cross-border trade restrictionsI-T- Order holding assessee liable to deduct TDS on certain amount, was passed by an AO who lacked jurisdiction over assessee; order is non speaking too - order quashed & matter remanded: ITATBiden says US does not recognise jurisdiction of ICCI-T- Penalty notice & order invalidated where specific charge against assessee between concealment of particulars of income & furnishing inaccurate particulars of income, is not mentioned: ITATRussia arrests senior Army General on corruption chargeI-T- In respect of addition u.s 68 of the Act, when all documents provided and no scrutiny by AO of the documents, addition solely on the basis of Investigation Wing report is to be deleted: ITATTicketmaster sued to loosen monopoly over concerts in USGST - Reason to reach a conclusion is the essence of fairness of an adjudication proceeding - Unless such reasons are given in black and white, adjudication order may remain laconic: HC
 
CCI invites proposal for launching Market Study on AI and Competition

By TIOL News Service

NEW DELHI, APR 23, 2024: TO launch a Market Study to understand the ecosystem around Artificial Intelligence and Competition in India, the Competition Commission of India (CCI) invites proposals for engagement of an Agency/ Institution for conducting the study. The last date for submission of proposals is 03.06.2024 (by 05:00 PM).

The Competition Commission of India (CCI) will launch a Market Study on Artificial Intelligence (AI) and Competition to understand the transformative capabilities of AI that have significant pro-competitive potential, as well as competition concerns emanating from the use of AI. The proposed study will be a knowledge building exercise to develop an in-depth understanding of the emerging competition dynamics in the development ecosystems of AI systems and implications of AI applications for competition, efficiency and innovation in key user industries.

1. The objectives of the study are the following:

2. To understand certain key AI systems and markets/ecosystems thereof, including AI actors/stakeholders, essential inputs/resources, value chains, market structures and parameters of competition;

3. To examine the emerging and potential competition issues in these markets/ecosystems, if any;

4. To study the scope and nature of AI applications/use cases, and assess associated opportunities, risks and ramifications from a competition standpoint;

5. To understand the existing and evolving regulatory/legal frameworks governing AI systems and applications in India and other major jurisdictions;

6. To reach out to all relevant stakeholders for a holistic understanding of the issues at the intersection of AI and competition;

7. To understand trends and patterns of AI and to ascertain enforcement and advocacy priorities of the Commission with respect to AI and its application in markets.

For detailed Request for Proposal (RFP), eligibility criteria and Terms & Conditions, please visit: https://www.cci.gov.in/images/whatsnew/en/tendernotice-1-11713759672.pdf

ABOUT CCI

The Competition Commission of India (CCI) is a statutory authority established under the Competition Act, 2002 ('Act). Section 18 of the Act casts a duty on the CCI to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade carried on by other participants, in markets in India.


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.


Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.